New IRS Changes That Could Get You More Cash!
We have some AMAZING news! Just a few days ago the IRS released the news that you can claim employee retention credit if you have employees on your payroll. So if you’re a business owner with employees, there is a chance that you may be able to claim this credit and receive some cash from the IRS.
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.
