How to Qualify For Employee Retention Credit(ERC)!
Recently the IRS released announced the latest changes in employee retention credit (ERC), allowing more opportunities for business owners to claim this credit if they have employees on your payroll. So there is a chance that you may be able to receive a refund from the IRS. We have a new tool that’ll help you estimate the range of credit you may potentially have based on eligibility criteria as well as the number of employees.
IRS New Law Extends COVID Tax Credit: https://www.irs.gov/newsroom/new-law-extends-covid-tax-credit-for-employers-who-keep-workers-on-payroll
Fully or Partially Suspension IRS FAQ: https://www.irs.gov/newsroom/covid-19-related-employee-retention-credits-determining-when-an-employers-trade-or-business-operations-are-considered-to-be-fully-or-partially-suspended-due-to-a-governmental-order-faqs
IRS Form 7200: https://www.irs.gov/pub/irs-pdf/f7200.pdf
If you have questions or need help, please feel free to reach out to us at (832) 295-3353, or you can also set up an appointment with us at https://xqcpa-bookme.acuityscheduling.com/schedule.php.