Filed Your 2020 Tax Return Already? An Amended Return May Be Required If You Claimed a 2020 Employee Retention Credit.

Posted August 26th, 2021 & filed under Blog.

The IRS recently released Notice 2021-49, providing long awaited guidance on many aspects of the Employee Retention Credit (ERC). One aspect relates to the timing of the wage disallowance for ERC claims.

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Gross Receipts for Employee Retention Credit Does NOT Include Certain COVID Relief Funds

Posted August 25th, 2021 & filed under Blog.

Revenue Procedure 2021-33, issued by the IRS on August 9, 2021, now answers one of our biggest Employee Retention Credit (ERC) questions: Are Paycheck Protection Program (PPP) loans included in gross receipts for ERC eligibility?

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Your Top Employee Retention Credit Questions Answered in Recent IRS Guidance

Posted August 18th, 2021 & filed under Blog.

In early August, the IRS issued two pieces of guidance on the Employee Retention Credit (ERC) – Notice 2021-49 and Revenue Procedure 2021-33. This guidance includes answers to your top questions,

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Employee Retention Credit: Latest Updates and Extension Through 2021

Posted April 6th, 2021 & filed under Blog.

The rules and guidance for the employee retention credit (ERC) continue to change as we go. The American Rescue Plan Act of 2021, signed on March 11,

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Changes to the Employee Retention Credit

Posted January 22nd, 2021 & filed under Blog.

Update: This article was updated on 3/25/2021 to reflect changes brought on by the American Rescue Plan Act of 2021. For more information on the extension, see this article. 

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