Find Out if You Qualify for the Employee Retention Tax Credit
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PPP Forgiveness and the Interplay with the ERTC
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
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?](https://www.kbkg.com/wp-content/uploads/What-is-the-Employee-Retention-Credit-and-What-Are-the-Qualifications.jpg "[Video] What is the Employee Retention Credit and What Are the Qualifications?")
[Video] What is the Employee Retention Credit and What Are the Qualifications?
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
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
![[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
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
FAQs – Employee Retention Credit (ERTC)
The Employee Retention Credit (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. The ERC could be a valuable alternative for those who did not qualify for PPP and other emergency loans. We have … Read More
The House Votes to Extend Employee Retention Tax Credit through December 2021
We got some great news this morning. The House has voted 219-212 to extend the Employee Retention Tax Credit through December 31, 2021, as part of the $1.9 Trillion COVID Relief bill. If it passes the Senate next week it will very likely be signed by the President shortly after. The Employee Retention Tax Credit … Read More
2020 vs. 2021 Employee Retention Credit Comparison Chart
Jason Melillo is a Principal and Local and Wage Based Incentive practice leader at KBKG. His areas of expertise are Local Incentives, Employment Tax Credits which includes Employee Retention Tax Credit, and other employment credits. Old Law New Law Eligible Employers 2020 2021 Eligible employers can receive a refundable payroll tax credit of 50% of … Read More
