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Can your business benefit from the enhanced Employee Retention Tax Credit?

  • January 12th, 2021

2021 – 01/12 COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable Employee Retention Tax Credit (ERTC), which was extended and enhanced in the latest law. Background on the credit The CARES Act, enacted in March of 2020, created the…

Employer Tax Credits

  • January 6th, 2021

2021 – 01/06 A valuable employer tax credit is extended, but modified, for 2021. Under the Families First Act, certain employers were obligated to provide paid sick and family leave to employees affected by COVID-19 from April through December 2020. Employers who provided such leave then qualified for refundable employment tax credits to help mitigate…

Get My Payment Tool

  • January 6th, 2021

2021 – 01/06 As the second round of economic impact payments (EIPs) rolls out, eligible taxpayers may be able to help speed up the process. The IRS has updated its “Get My Payment” tool, which answers questions about eligibility and allows you to provide the IRS with information it needs to issue an EIP. Payments…

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