For most businesses, turning the calendar to 2023 meant putting the pandemic and any of its tax-related effects further in the rearview mirror.
One notable exception, however, is the employee retention credit, or ERC,...more
4/18/2023
/ Audits ,
CARES Act ,
Coronavirus/COVID-19 ,
Employee Retention ,
Fraud ,
Income Taxes ,
Inflation Reduction Act (IRA) ,
IRS ,
Payroll Taxes ,
Self Employed ,
Small Business ,
Tax Credits
The IRS issued guidance on the FFCRA Paid Leave Tax Credits under the Families First Coronavirus Response Act (“FFCRA”) on March 31, 2020. The FFCRA Paid Leave Tax Credits are fully refundable tax credits giving covered...more
4/27/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employment Tax ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
Paid Leave ,
Paid Sick Leave Act ,
Recordkeeping Requirements ,
Self Employed ,
Sick Leave ,
Sick Pay ,
Small Business ,
Tax ,
Tax Credits ,
Wages