The Business Journals

Employee retention credits of $26,000 per employee are still available

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The coronavirus has negatively affected many businesses ...
Forbes

Employee Retention Credit: A Funding Boost For Nonprofits

Over the past three years, I have had the privilege of seeing numerous churches, private schools and other nonprofits receive the great news that they qualify for a six- or seven-figure dollar amount ...
Politifact

Workers aren’t being paid up to $26,000 because of a COVID-19-related tax credit, as claim suggests

Congress created the employee retention tax credit to incentivize employers to keep paying staff after business activity dropped due to the COVID-19 pandemic. For 2020, the maximum employee retention ...
HR Dive

Hospital seeks $11.5M in allegedly delayed COVID retention tax credits

The lawsuit is one of several filed in recent years to allege delayed Employee Retention Credits for employers that dealt with business disruptions during the pandemic’s earliest phases. Congress ...
JD Supra

Where's My Employee Retention Credit?

In the years since COVID-19 shut down the country, many businesses applied for the Congressionally-authorized Employee Retention Credit (ERC), a valuable relief program created during the pandemic to ...
CNBC

Firms are 'bombarding' small businesses with ads for a Covid-era tax credit, advisor says. Here's how to know if you qualify

The employee retention tax credit, worth thousands per employee, was enacted in 2020 to support small businesses during the Covid-19 pandemic. While the credit applies to tax year 2020 or 2021, ...
Forbes

IRS Targets Schemes To Claim ERC Employee Retention Credits

IRS audits of businesses claiming the Employee Retention Credit (ERC) are in full swing. The IRS is looking at companies who may be unfairly claiming it, and also at firms promoting assistance to them ...
JD Supra

Employee Retention Tax Credit: Updates From Congress and the IRS

There are several new developments in the Internal Revenue Service’s ongoing campaign to combat false and fraudulent Employee Retention Credit (ERC) claims, including an indefinite extension of the ...
Chattanooga Times Free Press

Beware of employee retention credit scams

Your Better Business Bureau recently received a notice in the mail, indicating our office may be eligible for $216,000 in Employee Retention Credits, also known as ERC. It looked very official, and ...
The Business Journals

What business owners need to know to claim the Employee Retention Credit

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The federal government created the Employee Retention ...
CNBC

IRS weighs guidance for small business tax credit. ‘People were duped,’ taxpayer advocate says

The IRS is weighing guidance for small businesses that wrongly claimed the employee retention tax credit, according to the national taxpayer advocate. As of June 14, there were roughly 537,000 ...