Employee Retention Credit
A refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021.
Category: Covid-19
IRS Approves Temporary ESign Use
To protect the health of taxpayers and tax professionals, the Internal Revenue Service today announced it will temporarily allow the use of digital signatures on certain forms that cannot be filed electronically.
Payroll Protection Program For Small Businesses
The Paycheck Protection Program or PPP. The program is $350 billion in (potentially) forgivable loans to keep workers on the payroll.
Employee Retention Tax Credit
The Employee Retention Credit or ERC is found in the CARES Act in Section 2301. The ERC is designed to help businesses keep employees on payroll.
Warning About Coronavirus Related Scams
The IRS urged taxpayers to be on the lookout for calls and email phishing attempts about the Coronavirus. These contacts can lead to tax-related fraud and identity theft.