Tag: ERC

Employee Retention Tax Credit Ends Early

Filed in Tax Reform by on November 18, 2021 0 Comments
Employee Retention Tax Credit Ends Early

A provision tucked into the bipartisan infrastructure bill signed into law this week by President Biden retroactively moved up the expiration of the Employee Retention Credit (ERC) to Oct. 1, 2021. The ERC had been scheduled to remain in effect through Dec. 31, 2021.

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Employee Retention Credit: New IRS Guidance Creates Confusion for Business Owners

Filed in Advocacy, Tax Reform by on August 13, 2021 0 Comments
Employee Retention Credit: New IRS Guidance Creates Confusion for Business Owners

The IRS last week released further guidance on the Employee Retention Credit (ERC), which includes a controversial interpretation for when the wages paid to a majority owner of the business, as well as the owner’s spouse (if applicable), are to be treated as qualifying wages.

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