Jonathan Reich 
As a licensed CPA, it seems to me that the Employee Retention Credit has been the only thing that business owners wanted to talk about for years. But for good reason; if a business qualified, an entrepreneur could receive hundreds of thousands of dollars, if not millions, in refunds. In my experience, though, business owners … Read more
Imagine pouring your life’s savings into opening a small artisan cake shop. You’ve spent years pondering if it’s the right idea, scrimping, saving, and fretting over whether or not you can do it. After many late night contemplations, you finally decided to go for it and lay it all on the line. After months of … Read more
As businesses continue recovering from economic disruptions caused by the COVID-19 pandemic, many have turned to the Employee Retention Credit (ERC) for help. The ERC provides substantial financial relief to businesses retaining employees during challenging times. However, despite its benefits, companies frequently encounter long processing delays from the IRS, leaving them wondering how to expedite … Read more
The Employee Retention Credit (ERC) became a vital lifeline for businesses affected by the COVID-19 pandemic, offering substantial payroll tax credits to help employers retain their workforce during challenging economic times. However, one area of concern that seems to be becoming more common for businesses and accountants alike is tracking the status of their ERC … Read more
The Employee Retention Credit (ERC) was a critical relief measure introduced under the CARES Act in 2020 to help businesses retain employees during the COVID-19 pandemic. However, due to widespread fraud, abuse, and compliance concerns, the IRS announced a moratorium on ERC processing in September 2023. This moratorium significantly impacts businesses that have already filed … Read more
The Employee Retention Credit (ERC) is one of the most significant relief measures for businesses impacted by the COVID-19 pandemic. Established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020, the ERC has undergone several legislative modifications through the Consolidated Appropriations Act (CAA) of 2021, the American Rescue Plan Act (ARPA) … Read more
The Employee Retention Credit (ERC) is a powerful tax incentive that was introduced as part of the CARES Act to help businesses retain employees during the COVID-19 pandemic. Many businesses that experienced revenue declines or were subject to government shutdowns can still apply for this refundable tax credit retroactively, even though the days of the … Read more