ertc

Recovery Startup Business (ERC) up to $100,000 if business started after Feb 2020
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Recovery Startup Business (ERC) up to $100,000 if business started after Feb 2020

Business

Recovery Startup Business (ERC) up to $100,000 if business started after Feb 2020

The Recovery Startup Business shares some similarities with the Employee Retention Credit. Note that there have been numerous updates and clarifications on these refundable tax credits, but if your business meets the requirements, you can obtain up to $100k. Based on the expansion of the definition of Recovery Startup Business (Notice 2021 -49 page 7)

By Victor Garrido, CPA, EA|2022-06-11T17:11:50+00:00June 11th, 2022|Categories: Business|Tags: $100k, $50k, business, ERC, ertc, recovery, RSB, startup|

Employee Retention credit still available – Up to $26k per employee
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Employee Retention credit still available – Up to $26k per employee

Business, Financial Education

Employee Retention credit still available – Up to $26k per employee

The Employee Retention Credit (ERC) is a fully refundable credit that targets businesses with employees (w2s) in 2020 and 2021. These businesses must have been impacted by the pandemic, mainly either 1) reduction of sales (50% reduction in 2020 quarter versus 2019 quarter or 20% reduction in 2021 quarter versus 2019 quarter) or 2) partial

By Victor Garrido, CPA, EA|2022-06-03T15:47:29+00:00June 1st, 2022|Categories: Business, Financial Education|Tags: $26k, available, business, credit, employee, ERC, ertc, PPP, retention, tax|

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