The IRS is warning employers to be very careful when engaging with companies claiming to help secure Employee Retention Credits (ERC). ERC Mills Companies the IRS deems “ERC mills” are advising employers to make claims based on extremely questionable [...]
The Coronavirus Aid, Relief, and Economic Security Act (CARES) act was signed into law in March 2020 to provide businesses with financial assistance through the Employee Retention Credit (ERC). The ERC was expanded through the American Rescue Plan Act [...]
Staying ahead of the competition is a challenging and often expensive task. While many economic incentives are targeted at a particular industry or even a specific company, the Research and Development (R&D) tax credit helps level the playing field [...]
Federal and State Research & Development Tax Credits R&D Tax Credits can help many industries: breweries and wineries are no exception. While the early stages of new product development are generally not eligible, as the brewer or vintner grows [...]
When COVID-19 relief funds became available, businesses were quick to hop on the much-needed lifelines. For businesses who have taken either the Employee Retention Credit (ERC) or received a Paycheck Protection Program (PPP) loan (or both), and possibly a [...]
Beginning on Monday November 1, California Businesses that meet certain qualifying criteria can claim their portion of the $70 million allocated via AB150 to reward companies with up to $1,000 per qualifying increase in payroll headcount. The Main Street [...]
The enactment of the Consolidated Appropriations Act 2021 created more opportunities for using the Employee Retention Tax credit (ERC). The original ERC is a provision of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). It provides a [...]
FEDERAL — Employee Retention Credit The Employee Retention Credit is meant to reward employers that kept employees on their payroll during the COVID-19 impacted months. The refundable tax credit is 50% of up to $10,000 in qualified wages paid [...]
Despite Challenges Wrought By COVID-19, San Francisco Bay Area Accounting Firm SSF Launches Research & Development Tax Credit Services and Expands Partner Group Pleasanton, Calif., May 4, 2020 – Sensiba San Filippo LLP (SSF), a leading Northern California-based accounting [...]
As companies around the country begin to pivot from a sprint to preserve business operations to taking strategic steps to help ensure continued prosperity, several tax planning opportunities should be considered. One option available to companies is the Research [...]
