Penalty Abatement for ERC-related Tax
By Cooper Melvin, J.D., CPA It is no secret that the IRS is backlogged with Employee Retention Credit (ERC) filings and has yet to issue…
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Jun 23, 2022
News
Tag: ERC
Feb 23, 2022
Employee Retention Credit – Timing of Qualified Wages Deduction Disallowance
By Steven N. Smith, CPA, JD Initially, the employee retention credit (ERC), enacted by the CARES Act, was not available to paycheck protection program (PPP)…
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Dec 15, 2021
How to Repay Q4 Employee Retention Credit (ERC)
By Cooper Melvin, JD If you received an advance payment of the employee retention credit for the fourth calendar quarter of 2021, you might have…
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Mar 04, 2021
BMSS Presents: Understanding How to Maximize the Employee Retention Tax Credit
The Employee Retention Credit (ERC) under the CARES Act encourages businesses to keep employees on their payroll. Join us on March 4th as we discuss…
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Feb 24, 2021
American Rescue Plan Act of 2021 Heads Toward House Vote in Days
On Monday, the House Budget Committee advanced President Joe Biden’s $1.9 trillion pandemic-relief legislation, setting it up to pass the lower chamber by the end…
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Feb 10, 2021
Update on COVID-19 Employment Tax Credits, including the Release of Form 7202
Form 7202, Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals On Tuesday, February 8, the IRS announced that a new form is…
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Feb 02, 2021
Employee Retention Credit (ERC) Update
Employers that received a PPP loan and were previously prohibited from claiming the Employee Retention Credit (ERC) may now retroactively claim the ERC for 2020. Employers…
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