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Numerous businesses in today’s landscape continue to benefit from the credits offered by the Employee Retention Credit program. This program has provided a valuable refund mechanism, assisting companies in mitigating the financial losses they encountered during the challenging period of 2020 and 2021. Even in the current year, businesses can still apply for the Employee […]
During the rapid spread of the COVID-19 pandemic throughout the United States, the nation’s economy suffered significant setbacks, resulting in temporary closures and permanent shutdowns of numerous businesses. Nonetheless, the federal government intervened to alleviate this crisis by enacting the CARES Act, a groundbreaking legislation that injected billions of dollars into the economy through initiatives […]
Are you seeking assistance with filing and claiming your Employee Retention Credit? Look no further than ERC Specialists, offering a seamless and expedited solution tailored to the needs of your small business. Rest assured that our services come at competitive fees, ensuring affordability without compromising the quality and efficiency of our assistance. A Quick Summary: […]
Are you in need of professional assistance to help you with the filing process for the ERC form? The good news is there are reputable companies available that specialize in providing comprehensive support. These top-notch service providers are equipped to handle various tasks on your behalf, including accurately completing all the required documentation, precise calculations, […]
Recent changes in the tax legislation have brought significant modifications to Section 3134 of the Internal Revenue Code. The passage of the Infrastructure Investment & Jobs Act (IIJA) in 2021 has resulted in a revision that impacts Employee Retention Credit, specifically pertaining to wages received prior to October 1, 2021. This adjustment aims to support […]
You will be happy to know there is an alternative to waiting lengthy periods for the Internal Revenue Service to send out your ERC refund. Businesses can get an Employee Retention Tax Credit loan without the standard prerequisites for a more traditional small business loan. That can create a quick capital infusion for your company. […]
Of all the businesses in the US economy, the manufacturing sector felt the effects of the COVID-19 pandemic more than most. The reaction by all levels of government created ever more challenging restrictions on businesses by forcing downtime and social distancing mandates. Those mandates affected the supply chain of more than 90% of Fortune 1000 […]
The Employee Retention Credit is also known as the ERC. It resulted from the Coronavirus Aid, Relief, and Economic Security ACT, or CARES Act. The purpose was to help companies maintain their staffing levels during the 2020 pandemic season. The tax credit was initially worth 50% of the salaries and wages of qualified employees. However, […]