The Employee Retention Credit (ERC) can be a life-saver to you and your small business, but it's also very complex and a bit confusing. Larry Gray, CPA, and Debbie Cook, CPA have real clients that they've helped navigate through this law and they want to help you get your money as well.
Top 10 ERC questions from real business owners:
1. What businesses are eligible for the ERC?
2. What is the significant decline in gross receipts that would qualify your business?
3. What period can a business claim ERC?
4. Which employees can a business claim for ERC?
5. What amount of wages are eligible for the ERC?
6. What if I received a PPP loan in 2020?
7. Amount of ERC that can be earned each year?
8. How to claim ERC?
9. How is the ERC claimed for a quarter in which the business already filed 941?
10. Is the ERC taxable?
SUBSCRIBE! 😎 @ / agcsolutions
Like us on FACEBOOK @agctaxsolutions
Check out our form 7200 videos:
What is Form 7200 and How to Fill it Out | Request Advance Payment of Tax Credits From Stimulus
📽 • What is Form 7200 and ...
Learn How to Calculate Form 7200 and Know it's Done Right | Advance Payment of Employer Credits
📽 • Learn How to Calculate...
Reconciling Form 7200 with the NEW Form 941
📽 • Reconciling Form 7200 ...
How to Business Plan with New Stimulus Package 2021 | PPP2 vs ERC2
📽 • How to Business Plan w...
#employeeretentioncreditcaresact #employeeretentioncredit2021 #erc #employeeretentioncredit #ERCupdate #irsemployeeretentioncredit #caresactemployeeretentioncredit #employeeretentioncreditandppp #employeeretentioncreditvsppp #whatisemployeeretentioncredit #ConsolidatedAppropriationsAct #2ndstimulus #stimulusupdate #caresactupdate #caresact2021 #stimulus2021 #unemploymentcaresact #stimuluscaresact #taximpactofstimulusbill #stimulusbill #secondstimulusbill #newstimuluspackage #caresact2 #smallbusiness
----------------------------------------------------------------------------------------------------------------------------------------
AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.
11 сен 2024