Employee Retention Credit

How to Process 1099 Employees for Certified Payroll

by Michaela OLeary | Oct 17, 2023 | Employee Retention Credit, ERC, News, Tax credits, Update

You may assume that 1099 employees – often known as independent contractors or self-employed workers – are the answer to all of your payroll problems. After all, you don’t “own” them as employees, so they’re responsible for their own taxes, benefits, and even...

House Ways and Means Committee Urges ERTC Processing Clarity

by Michaela OLeary | Oct 12, 2023 | Employee Retention Credit, ERC, News, Tax credits, Update

Talk with an ERC Expert In a letter dated October 3, 2023, the House of Representatives Ways and Means Committee addressed IRS Commissioner Daniel Werfel, expressing deep concerns about the Employee Retention Tax Credit (ERTC) and the persistent backlog of...

ERC Tax Credit: What Does the New IRS Update Mean?

by Michaela OLeary | Sep 25, 2023 | Compliance, COVID19, Employee Retention Credit, ERC, Tax credits

Update as of 10.3.2023: Apparently, the whole country, including the House Ways and Means Committee, wants answers regarding the IRS’s moratorium announcement. The committee published a letter to the IRS Commissioner Daniel Werfel calling out the actions of the IRS in...

Six common ERC myths

by Jack Biltis | Sep 9, 2022 | Employee Retention Credit

If you find the ERC tax credit confusing, you’re not alone. The legislation behind the program is lengthy and complicated, and it has changed several times since it began. This added to the confusion and left many people thinking they don’t qualify based on...

What is ERC?

by Jack Biltis | Jun 8, 2022 | Employee Retention Credit

The Employee Retention Tax Credit, often referred to as ERTC or ERC, was part of the CARES Act of 2020. It offered companies a refundable employment tax credit to help them cover the cost of keeping workers employed. The rules for the tax credit changed several times,...