COVID Relief

January 17, 2024

COVID-19 Tax Credit for 1099 & Self-Employed Business Owners

Calling all independent contractors and self-employed business owners! The Families First Coronavirus Response Act (FFCRA) was passed by Congress in April 2020 to provide financial support for self-employed individuals (sole proprietors, 1099 contractors, freelance workers, etc.). If you couldn’t work (including teleworking) due to certain COVID-19-related reasons, the FFCRA gives you a special credit to… Continue reading COVID-19 Tax Credit for 1099 & Self-Employed Business Owners

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November 15, 2023

Why Restaurants and Retail Shops Should Still Apply for the Employee Retention Credit (ERC)

Why Restaurants and Retail Shops Should Still Apply for the Employee Retention Credit (ERC) In the aftermath of unprecedented challenges, restaurants and retail shops are looking for ways to stabilize and grow. One critical lifeline not to be overlooked is the Employee Retention Credit (ERC). Here’s why your business should consider applying if you haven’t… Continue reading Why Restaurants and Retail Shops Should Still Apply for the Employee Retention Credit (ERC)

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June 28, 2023

Five Common Misconceptions about the Employee Retention Credit

In the whirlwind of information surrounding pandemic-era relief measures, the Employee Retention Credit (ERC) has emerged as a beacon of assistance for businesses navigating these challenging times. However, misconceptions about the ERC can cause businesses to overlook or underestimate this valuable tax credit. Let’s debunk five common misconceptions about the ERC. 1. Misconception: ERC is… Continue reading Five Common Misconceptions about the Employee Retention Credit

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May 17, 2023

The Employee Retention Credit: A Lifeline for Businesses in Troubled Times

Running a business isn’t a walk in the park, especially in times of uncertainty. One of the significant challenges is retaining your workforce. That’s where the Employee Retention Credit (ERC) comes into play. It’s a refundable tax credit designed to encourage eligible employers to keep employees on their payroll despite experiencing an economic hardship related… Continue reading The Employee Retention Credit: A Lifeline for Businesses in Troubled Times

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