Guidance

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Employee Retention Credit – Eligibility and Processing – Update August 2021

In August 2021, there have been several updates to the Employee Retention Credit guidance plus the National Conference of CPA Practitioners was extremely critical with some of this recent guidance. As you can read on this post, there are still different areas of this tax credit that are litigious and unclear for tax professionals. We

By |2021-08-20T17:28:09+00:00August 20th, 2021|Categories: Business|Tags: , , , , , , , , , , , |

IRS guidance for employers claiming the Employee Retention Credit 2021 Q1 Q2

The IRS provided additional guidance for the Employee Retention Credit for the first two quarter of 2021. The IRS notice addresses some of the changes from 2020 Employee Retention Credit. From the Journal of Accountancy's article, "... As a result of the changes made by the Consolidated Appropriations Act, eligible employers can claim a refundable

By |2021-04-19T01:35:17+00:00April 4th, 2021|Categories: Business|Tags: , , , , |

Employee Retention Credit – New guidance published by the IRS

As previously published in our post earlier in the year, the change in the Employee Retention Credit (ERC) was something positive for the business owners, but it left many questions and professionals waiting for guidance. Note that during this waiting period, there were auto proclaimed experts on ERC while professionals were patiently waiting. Please, do

By |2021-03-08T08:19:17+00:00March 4th, 2021|Categories: Business|Tags: , , , |
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