KBKG Tax Insight: ERTC Terminated for Q4 2021

11/08/2021

The Infrastructure Bill (H.R. 3684) was passed by the House on November 5, 2021, and is expected to be signed into law by President Biden. As part of the Bill, the employee retention credit (with the exception of the recovery startup business credit) is no longer in effect for the fourth quarter of 2021. A … Read More

KBKG Tax Insight: Medical Providers Can Claim ERTC

11/02/2021

Medical providers that perform elective procedures could have an opportunity to claim the Employee Retention Tax Credit (ERTC). While most medical offices had to make a variety of operational changes to adapt to a safe environment during COVID, many of those operational changes do not meet the definition of a government shutdown for ERTC. However, … Read More

California Main Street Small Business Credit II

10/21/2021

In Late September 2021 Governor Newsom signed Assembly Bill (AB) 150 establishing the Main Street Small Business Tax Credit II. This bill provides financial relief to qualified small businesses for the economic disruptions in 2020 and 2021, resulting in unprecedented job losses. Taxpayers that qualified for Employee Retention Credit may also qualify for the Main … Read More

PPP Forgiveness and the Interplay with the ERTC

09/27/2021

Many PPP borrowers have made the mistake of using 100% of their payroll to satisfy PPP forgiveness. Borrowers that also qualify for the Employee Retention Tax Credit should maximize the use of other qualified expenses to satisfy forgiveness related to their PPP Loan to allow the additional payroll to be utilized to maximize the benefits … Read More

Three Tax Saving Strategies for Architecture & Engineering Firms

08/30/2021

Architecture and engineering firms that are not claiming R&D Tax Credits, Employee Retention Tax Credits, or 179D are potentially leaving millions of dollars in tax benefits on the table each year. What are these benefits, and what cash flow is being overlooked? R&D Tax Credit Architecture and engineering firms may want to take another look … Read More

[Video] What is the Employee Retention Credit and What Are the Qualifications?

05/25/2021

The ERTC was created as part of the CARES Act to encourage businesses to continue paying employees by providing a credit to the eligible employer for wages paid to eligible employees. Our Director, Ian Williams, explains the credit and qualifications. See If You Qualify • Try our benefit estimate calculator » • Join us for … Read More

What You Need to Know About Employee Retention Credits and Government Shutdown Orders

05/07/2021

As featured in Accounting Today The Employee Retention Tax Credit has been a welcome lifeline to many struggling businesses and those most significantly impacted by the economic uncertainty around the COVID-19 pandemic. The ERTC, similar to the PPP loan, has helped support small businesses through a refundable credit associated with employee retention. The original ERTC … Read More

Are you missing out on the Employee Retention Tax Credit (ERTC)?

04/14/2021

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

KBKG Tax Insight: The American Rescue Plan Extends Employee Retention Tax Credits

03/12/2021

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