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![[Video] Top 5 Things You Should Know about the Employee Retention Tax Credit – Now Up to $33k per Employee](https://www.kbkg.com/wp-content/uploads/Top-5-Things-You-Should-Know-about-the-Employee-Retention-Tax-Credit-–-Now-Up-to-33k-per-Employee.jpg "[Video] Top 5 Things You Should Know about the Employee Retention Tax Credit – Now Up to $33k per Employee")
[Video] Top 5 Things You Should Know about the Employee Retention Tax Credit – Now Up to $33k per Employee
The ERTC was originally established under the CARES Act t encourage businesses to keep employees on payroll during the pandemic. Employers can now retroactively apply for credits in 2020, even if they have received a PPP loan from the Small Business Administration. Employers can receive a CREDIT ADVANCE from the US Treasury. ERTC was extended … Read More
Are you missing out on the Employee Retention Tax Credit (ERTC)?
If you have not looked into Employee Retention Tax Credits, then you need to reach out to your regional director or contact us right away to see if you qualify. It is worth a quick assessment. We can help you claim the credit and receive cash refunds up to $5,000 per employee in 2020 and … Read More
Updates to KBKG’s Qualified Improvement Quick Reference Chart
The Qualified Improvements Quick Reference Chart is KBKG’s most sought-after resource by CPAs across the nation. We have updated the chart to reflect recent changes. Qualified Improvement Property (QIP) is defined as any improvement made by the taxpayer to an interior portion of a building that is nonresidential real property as long as the improvement … Read More
US Treasury Secretary Janet Yellen Proposes Global Minimum Tax for Multinationals
A new global minimum tax means companies operating internationally should expect an increase in US tax rates along with a wider net for capturing profits in low-tax countries. Treasury Secretary Janet Yellen called for a global minimum tax for multinationals in a speech to the Chicago Council of Global Advisors on April 5, 2021. Under … Read More
KBKG Welcomes New Director to Their Texas Office
DFW, Texas – KBKG, a nationwide tax specialty firm, hired new R&D Tax Credit Director, Bill Taylor, to join its Texas office. Bill has over 10 years of experience providing federal tax consulting services to companies in various industries, including technology, aerospace and defense, manufacturing, and other professional services. Bill began his career with a … Read More
KBKG Tax Insight: The American Rescue Plan Extends Employee Retention Tax Credits
On Thursday, March 11th, President Biden signed the American Rescue Plan Act (ARPA) into law. The historic $1.9 Trillion stimulus package expands COVID-19 relief for individuals, families, local governments, and businesses. Specifically, the plan includes updates to the Employee Retention Tax Credit (ERTC), which we have discussed in recent webinars. In this overview, we will … Read More
KBKG Tax Insight: How to Allocate Land vs. Building Values for Investment Property
As featured in Accounting Today Calculating land and building values for tax purposes is a critical step toward maximizing your available tax deductions from depreciation. This is because the law says you can only depreciate items that wear down over time (i.e., the building and not the land). Since most real estate purchase agreements do … Read More
Governor Newsom Announces $150k Expense Deduction for PPP Loans
The California Small Business COVID-19 Relief Grant Program, a $2.1 Billion state-funded package, was created to provide much needed relief to California small businesses. Part of the state and Governor Newsom’s plan includes a measure that would allow up to $150,000 in PPP expenses to be eligible for deduction on state returns. While the details … Read More
