employee retention tax credit Archives

IRS Announces Pause in Employee Retention Credit Claims

Earlier this month, the IRS announced that it was implementing a moratorium on the acceptance of new Employee Retention Credit claims until 2024. Any businesses that had planned to file a claim in the coming months must wait until 2024, when a series of new measures to prevent fraud will be in place. The pause …

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Author: Strothman and Company

Employee Retention Tax Credit Update

Tax

The Employee Retention Tax Credit (“ERTC”) is still getting a lot of attention in the news media these days. Also, a number of companies are advertising on TV and the internet to say that you may still be able get claim the credit, even if you didn’t have a drop in revenues. Let me give …

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Author: Bill Meyer

This article was written by Bill Meyer, Managing Partner at Strothman+Co. Bill serves clients in a broad range of industries as they launch, grow, maximize, invest, and sell their businesses. On a regular basis, he can be found assisting with matters such as financial reporting; forecasts and projections; cash management; financing; and business improvement. He provides services in the areas of accounting, assurance, tax planning, valuations, and investment advice.

More Businesses and Nonprofits Can Qualify for the Employee Retention Tax Credit

Tax

Many small businesses and nonprofit organizations that received a PPP loan were unable to take advantage of the Employee Retention Tax Credit (ERTC) in 2020 due to the CARES Act disallowing taxpayers to take both. The Consolidated Appropriations Act (CAA) eased that rule by allowing PPP loan receipts to take the credit as long as …

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Author: Neil Zinser

This article was written by Neil Zinser, Partner at Strothman+Co. Neil has extensive experience providing tax services and business consulting to his clients. He specializes in complex tax structures including consolidating entities, multi-state entities, high net worth individuals and closely held business. It is his goal to provide meaningful tax advice to his clients and help them achieve their financial objectives. His industry experience includes restaurants, breweries, manufacturing, wholesale distributors, retail, commercial rental real estate, and nonprofit organizations.