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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...

First round of funding for tax credits under IRA

by Jack Biltis | Feb 23, 2023 | Tax credits

$10 billion in green technology tax credits have been allocated under the Inflation Reduction Act. These fall under Section 48C, which was expanded to include prevailing wage and apprenticeship requirements for those wishing to claim the credits. The IRS and the...

Inflation Reduction Act : New guidance on prevailing wage and apprenticeship rules

by Jack Biltis | Dec 7, 2022 | laws, Tax credits

The Inflation Reduction Act (IRA) was signed into law this August, with new guidance issued on November 30th regarding the prevailing wage and apprenticeship requirements within the legislation. The IRA is set to have a significant impact on the construction industry...

Employee Retention Tax Credit

by Jack Biltis | Jan 24, 2022 | ERC, Tax credits

The Employee Retention Credit (ERC) is a tax credit created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The purpose of the tax credit was to help companies survive and keep more employees on the payroll through the pandemic. While the final date...