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Number of Active Users Required for CARES Act

Number of Active Users Required for CARES Act

Nearly 70% of small business owners applied for loans under the CARES Act. The $2.2 trillion relief bill provided many options for businesses to minimize the burden of the COVID-19 pandemic. Some of the pandemic relief programs include but are not limited to payroll...

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Qualified expenses for the R&D tax credit

Qualified expenses for the R&D tax credit

Qualified research expenses are central to the federal research and development (R&D) tax credit. Businesses that can identify which of their costs meet the qualifying criteria may be able to take advantage of a dollar-for-dollar reduction in their tax bill. What is...

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Can a Sole Proprietor Claim the Employee Retention Credit?

Can a Sole Proprietor Claim the Employee Retention Credit?

If you’re one of the 23 million sole proprietorships in the U.S., you’re part of the country’s most popular form of business entity.  Because sole proprietors wear so many hats, many haven’t heard of the Employee Retention Credit (ERC). Of those that have, the...

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How to Apply for the Employee Retention Credit (ERC) in 2023

How to Apply for the Employee Retention Credit (ERC) in 2023

The Self-Filer’s Guide to Claim ERC Today The Employee Retention Credit (ERC) is providing incredible financial benefits to small and medium-sized businesses across the country. Companies in nearly every industry are receiving payroll tax refunds worth thousands or...

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Should construction companies file for employee retention credit?

Should construction companies file for employee retention credit?

The federal government intervened when the COVID-19 pandemic started closing down enterprises nationwide, having a huge negative impact on the economy, by sanctioning billions in economic stimulus through the Paycheck Protection Scheme (PPP) and the Employee Retention Credit (ERC) program.

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