EMPLOYEE RETENTION TAX CREDIT

EMPLOYEE RETENTION TAX CREDIT

An Often Overlooked Source of Business Relief The employee retention tax credit (ERTC or ERC) was initially a part of the 2020 CARES legislation.  Several limitations in eligibility made this benefit an unlikely evaluated source of economic relief in the COVID crisis....
PPP FORGIVENESS UPDATE

PPP FORGIVENESS UPDATE

On June 3, 2020, the Senate passed the Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010). CLARIFICATIONS IN THE PPP FLEXIBILITY ACT OF 2020 While additional guidance is likely related to this new legislation, the Act does somewhat simplify the...
CARES ACT PROVIDER RELIEF FUND

CARES ACT PROVIDER RELIEF FUND

Many of probably received money from HHS in your bank account or an email saying you will be receiving money from HHS.  You may be thinking Santa Claus is confused and thinks April is Christmas.  It is real.  This is once again part of the massive CARES Act which...
PAYROLL PROTECTION PROGRAM WALK THROUGH

PAYROLL PROTECTION PROGRAM WALK THROUGH

This page attempts to provide the details how the Payroll Protection Program works and is followed by example calculations.  It is not legal advice on how to process a PPP loan which should only be undertaken with assistance from a qualified accountant. STEP ONE –...