Lendio explains the Employee Retention Credit and why, despite the end of the pandemic, small business owners may still retroactively qualify for it.

Millions of small-to-mid-size businesses could be denied the pandemic-era ERC under Trump’s tax agenda.

The Internal Revenue Service has announced that, following the moratorium on processing Employee Retention Credit claims after Sept. 14, 2023, it is starting to process claims received prior to that ...

So, the maximum any employer may receive as a credit per un-related employee in 2021 is $14,000 ($7,000 per quarter). (This does not take into account coordinating this credit with PPP.

This bipartisan legislation would rollback the Covid era Employee Retention Tax Credit that allowed businesses who continued to pay their employees during the Covid-19 pandemic to receive tax credits.

The Employee Retention Credit has spawned a cottage industry of firms claiming to help businesses get stimulus funds, often in violation of federal rules.

Business owners hoping to receive their Employee Retention Credit in a timely fashion may need to rethink expectations given current trends.

In addition, taxpayers who receive the employee retention tax credit must reverse their prior business deductions for the qualifying wages, typically requiring the filing of an amended tax return.

Didn’t Get Your Employee Retention Credit? Sue the IRS! The tax agency is plagued with backlogs in processing employee retention tax credits, and the lawsuits are springing forth.

Fraud involving the employee retention tax credit has received much attention lately from the IRS and Congress. What does that mean for your business?

Businesses that had five to 500 employees in 2020 and 2021 may be eligible for the Employee Retention Tax Credit, or ERC, a refundable tax credit designed to reward employers for retaining workers ...