who is eligible for the employee retention credit Archives

IRS Orders Immediate Stop to New Employee Retention Credit Processing Amid Surge of Questionable Claims
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IRS Orders Immediate Stop to New Employee Retention Credit Processing Amid Surge of Questionable Claims

Corporate Taxes, Employee Retention Payroll Tax Credit, IRS, Self-Employed, Small Business, Tax Credits, Tax Tips, Taxes

IRS Orders Immediate Stop to New Employee Retention Credit Processing Amid Surge of Questionable Claims

This article was published by the IRS. Amid rising concerns about a flood of improper Employee Retention Credit claims, the Internal Revenue Service today announced an immediate moratorium through at least the end of the year on processing new claims for the pandemic-era relief program to protect honest small business owners from scams. IRS Commissioner Danny [...]

cozbycpa2023-09-20T11:47:02-04:00September 20th, 2023|Categories: Corporate Taxes, Employee Retention Payroll Tax Credit, IRS, Self-Employed, Small Business, Tax Credits, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, Employee Retention Credit, Employee Retention Credit fraud, ERC fraud, IRS, who is eligible for the employee retention credit, why is there a moratorium on the Employee Retention Credit|

Employee Retention Credit Available for Businesses Affected by COVID-19
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Employee Retention Credit Available for Businesses Affected by COVID-19

Coronavirus, Corporate Taxes, Employee Retention Payroll Tax Credit, IRS, Payroll, Self-Employed, Small Business, Tax Credits, Tax Tips, Taxes

Employee Retention Credit Available for Businesses Affected by COVID-19

This article was published by the IRS. The employee retention credit is designed to encourage businesses to keep employees on their payroll. The amount of the credit is 50% of qualified wages paid up to an annual limit of $10,000, which equals a maximum credit amount of $5,000 for each employee for the year. Who is [...]

cozbycpa2020-07-08T10:45:08-04:00July 8th, 2020|Categories: Coronavirus, Corporate Taxes, Employee Retention Payroll Tax Credit, IRS, Payroll, Self-Employed, Small Business, Tax Credits, Tax Tips, Taxes|Tags: Cozby & Company, Employee Retention Credit, how is the employee retention credit figured, Plymouth MA CPA Heather Cozby, who is eligible for the employee retention credit|