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Can Businesses Still Apply for the Employee Retention Credit?

Companies can no longer pay salaries to qualify for the Employee Retention Credit (ERC), but they have until 2024 and, in ...

Do employees have to be full time for erc credit?

The ERTC is a refundable credit that companies can request on qualifying salaries, including certain health insurance...

Who is Eligible for the Employee Retention Payroll Tax Credit?

The Employee Retention Credit (ERC) under the CARES Act is a great way for companies of any size to keep their employees...

Is the Employee Retention Tax Credit Real?

The Employee Retention Credit (ERC) is a real incentive offered by the CARES Act to encourage companies to keep their...

When can you file a 941x?

You have a limited amount of time to file Form 941-X. The SOL period for filing a claim for reimbursement on Form 941-X...

Is the Employee Retention Credit Fully Refundable?

The Employee Retention Credit (ERC) was a tax credit designed to help businesses keep their employees on the payroll...

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Is nonrefundable portion of erc taxable?

If the refundable credit exceeds the amount of tax you owe, you will receive the difference as a refund. If the credit is ...

What is erc direct?

ERC Direct is a specialized company dedicated exclusively to understanding and maximizing the CARES Act's employee...

Is employee retention credit tax exempt?

Yes, organizations described in section 501 (c) of the Internal Revenue Code (the “Code”) and exempt from taxes under ...

How to File Form 941-X for the Employee Retention Credit

Filing Form 941-X is an important step for employers who want to take advantage of the Employee Retention Credit (ERC)....

Is the Refundable Portion of Employee Retention Credit Taxable?

The Employee Retention Credit (ERC) is a refundable tax credit for the salaries of qualifying employees, and is not...

How to Receive ERC Funds: A Step-by-Step Guide

From now on, the only way to apply for the Employee Retention Credit (ERC) is to file an amended Form 941X (Quarterly...

Who Qualifies for the Employee Retention Credit?

The Employee Retention Credit (ERC) is a refundable tax credit created under the CARES Act to help businesses cover the...

Do Employers Have to Repay the Employee Retention Credit?

The employee retention credit (ERC) is a fully refundable tax credit that eligible employers can request to cover certain ...

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How Much is the Employee Retention Credit Per Employee?

How Much is the Employee Retention Credit Per Employee?

The federal government has established the Employee Retention Credit (ERC) to help companies cover the cost of keeping...

Understanding the Refundable and Nonrefundable Portion of the Employee Retention Credit

Understanding the Refundable and Nonrefundable Portion of the Employee Retention Credit

The Employee Retention Credit (ERC) is a tax credit designed to help businesses keep their employees on payroll during...

What is the difference between the refundable and nonrefundable erc?

What is the difference between the refundable and nonrefundable erc?

A “non-refundable tax credit” means that an employer gets a refund only up to the amount the employer owes in taxes....

How is the erc credit paid?

How is the erc credit paid?

The employee retention credit is a fully refundable tax credit that eligible employers request to cover certain payroll...

Do Employees Qualify for Employee Retention Credit?

Do Employees Qualify for Employee Retention Credit?

The employee retention credit (ERC) under the CARES Act is a refundable tax credit that encourages companies to keep...

Is erc calculated with gross or net?

Is erc calculated with gross or net?

For the sole purpose of determining eligibility for the employee retention credit, a tax-exempt employer's gross income...