The employee retention credit (‘erc’) program is popularly known by employers to provide rather significant amount of refundable tax credits to businesses with less than 100 employees. For Q1 and Q2 2021 any of these employers qualify for the erc if they experience a quarterly revenue reduction of greater than…

Employers are able to qualify for a variety of tax credits for their business, a few of which are ‘refundable’ tax credits. So, what is the benefit of receiving these credits, and what makes the ‘refundable’ ones special. Most Tax Credits ‘Save’ The Business Money Typical employer tax credits offset…

Many small businesses have received either one or two draws of the paycheck protection program from the SBA. Restaurants in particular have been provided support of up to 3.5x their average monthly payroll in the second draw during 2021 due to challenges covid19 has had on their business. …