Supply chain disruptions based on full or partial government shutdown orders

ERC Supply Chain Disruption Rules: Full or Partial Shutdown

If government orders caused supply chain issues that had a more than nominal effect on business operations, you can this fully refundable credit. No significant decline in gross receipts is required to be eligible for the employee retention tax credit (ERTC) under this provision. just qualified wages paid to eligible employees and a government-mandated order …

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Business owner reflecting on ERC for Restaurants

How to Claim the Employee Retention Credit for Restaurants

Restaurant business owners can navigate the complexities of ERC eligibility, by simply understanding how qualified wages paid and tips work. Whether a small diner or a large restaurant chain, passing the government order test alone may be enough to make you eligible to claim the ERC credit. Restaurant Industry The COVID-19 pandemic had a significant …

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What is the CARES Act Employee Retention Credit?

Cares Act: Tax Benefits for Businesses and Employees in 2023

This stimulus package helped many eligible employers retain employees during the Covid-19 pandemic via tax ERC refunds, EIDL, and PPP loans. Deferment of payroll taxes via CARES Act provisions helped many large corporations and nonprofits with maintaining payroll costs, while the Paid Leave Credit was widely claimed by solo entrepreneurs and small businesses. C.A.R.E.S. Act …

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Employee Retention Credit for Nonprofits

Employee Retention Credit for Nonprofits/Tax Exempt in 2023

Since the Consolidated Appropriations Act, non-profit organizations can qualify as eligible employers for the Employee Retention Tax Credit. Even a tax-exempt organization that received Paycheck Protection Program (PPP) loans can claim a maximum credit of up to $26,000 per employee based on wages paid during the Coronavirus pandemic. ERC 101 Employee retention tax credits are …

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