East Bay Business Review

Introduction The Employee Retention Credit enacted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act is a refundable tax credit for employers who have been affected by COVID-19. The goal of this credit is to help businesses cope with declining revenues and keep staff on payroll. This credit is designed to help offset employment-related … Read more

Introduction The Employee Retention Credit (“ERC”) is a federal tax credit program enacted by Congress in 2020 in response to the Covid-19 pandemic to help employers retain their employees and offset some of the costs associated with keeping them on payroll. As the ERC is a tax credit, many businesses wonder if they should treat … Read more

Introduction The Employee Retention Tax Credit is a tax incentive provided by the federal government to eligible businesses in order to help them get back on their feet after the devastation of COVID-19. This credit is provided to employers who have been significantly affected by the pandemic and have kept their employees employed, or rehired … Read more

Introduction The Employees Retention Credit (ERC) is a refundable tax credit that eligible employers can claim against the 6.2% Social Security taxes withheld from their employees. This credit was established to incentivize employers to keep their employees on payroll during the COVID-19 pandemic. It is important to understand the details of this credit so you … Read more

Overview The Employee Retention Credit (ERC) is a component of the Coronavirus Aid, Relief and Economic Security (CARES) Act that provides employers with relief from certain payroll taxes in order to encourage them to keep employees on their payrolls. The credit is available to employers who have experienced a dramatic drop in their business due … Read more

Overview of Employee Retention Tax Credit The Employee Retention Tax Credit (ERTC) is a refundable tax credit that helps employers cover the cost of wages paid to their employees. It allows businesses to reduce their federal income tax liability and maximize their cash flow with a credit equal to as much as $7,000 per employee. … Read more

Overview of Employee Retention Tax Credit The Employee Retention Tax Credit (ERTC) is a relief measure available to many employers who have been impacted by the COVID-19 pandemic. The ERTC is a tax credit that allows employers to receive a credit against their social security tax payments. This credit can be used to reimburse employers … Read more

Overview The employee retention tax credit is a special tax credit that was established under the CARES Act in 2020 to help employers keep their employees on the payroll during the COVID-19 pandemic. This credit is available to employers of all sizes, including self-employed individuals, and can be claimed as a refundable credit against certain … Read more

Overview The Employee Retention Tax Credit (ERTC) is a tax credit aimed at helping employers impacted by the COVID-19 pandemic to retain their employees. To claim the ERTC, employers must file IRS Form 941-X with their quarterly Form 941. This article will provide a comprehensive overview of Form 941-X, including: Instructions on how to complete … Read more

Introduction The Employee Retention Tax Credit (ERTC) is a refundable tax credit that incentivizes businesses to keep employees on the payroll during COVID-19. It provides relief to employers by providing a refundable tax credit equal to 50% of qualified wages paid after March 12, 2020 and before January 1, 2021. The ERTC is part of … Read more