Did You Miss Out on the Employee Retention Tax Credits?

Many employers do not realize they could benefit from the ERC.  As businesses close their books and records for 2021 and begin to work on tax compliance, it is a good opportunity to revisit the ERC to clear up any confusion that may exist.

2022-07-19T15:25:10-04:00December 21, 2021|Categories: PBMares COVID-19 Insights, Tax: Business|Tags: , , , |

IRS Releases Guidance on Q4 Removal of Employee Retention Credit

Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021.

House Passes Infrastructure Legislation; Sends Bill to President Biden

Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.

Recovery Startup Provision: How New Startup Businesses Can Possibly Claim the ERTC

Businesses that started during the pandemic have a new opportunity to claim the Employee Retention Tax Credit for the 3rd and 4th quarters in 2021. There are minimal eligibility requirements to net up to $100,000 in tax credits for the year. Act now to include the credit on your 2021 3rd quarter payroll tax return.

2021-11-19T15:57:22-05:00September 22, 2021|Categories: Small Business, Tax: Business|Tags: , , |

IRS Issues Employee Retention Credit Gross Receipt Exclusion Procedure

Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.

IRS Enhances Employee Retention Credit Guidance for Open Questions

Notice 2021-49 provides answers on previously uncertain issues and addresses changes implemented in the American Rescue Plan Act.

How Private Clubs Can Claim the Employee Retention Credit When Restrictions Are Lifted

Most state and local governments have been lifting COVID-19 restrictions, leaving club management wondering how and if they still qualify for the ERC, especially in the quarter that restrictions are lifted.

American Rescue Plan: What Does It Mean?

The American Rescue Plan Act (the Act) s provides a number of items to help aid economic recovery out of the coronavirus pandemic. Read on for a summary of the Act's provisions.

Webinar Recording: PPP Loan Recipients Eligible for ERC

View recording and slides. Eligible employers can take advantage of the newly extended employee retention credit, designed to make it easier for businesses that choose to keep their employees on the payroll despite challenges from COVID-19.

Guidance Issued for Employers Claiming the Employee Retention Credit

Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.

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