Podcasts about employee retention tax credit ertc

Thanks to our partners, NAPA TRACS and PromotiveThis week on Business by the Numbers, Hunt Demarest, CPA with Paar Melis and Associates, breaks down the latest market news and legislative updates that directly impact auto repair shop owners. From the return of the BOI (Beneficial Ownership Information) report to evolving tax policy discussions and IRS processing delays, Hunt provides a no-nonsense analysis of what's happening and how it could affect your business.In This Episode, You'll Learn:✔️ The BOI Report is back—what it is, why it matters, and the March 21st deadline you can't ignore.✔️ Trump's tax proposals—what's being discussed, what's likely to pass, and what it means for your shop and your customers.✔️ IRS struggles & refund delays—why tax processing is slower than ever and what to expect if you're waiting on an Employee Retention Tax Credit (ERTC) refund.✔️ Interest rates & the economy—why rates aren't moving much (yet), and what this means for your financial strategy in 2025.✔️ The state of small businesses & consumer spending—how last year's trends impact this year's outlook, and why customer financial health affects your shop's profitability.Thanks to our partners, NAPA TRACS and PromotiveThanks to our partner, NAPA TRACS Did you know that NAPA TRACS has onsite training plus six days a week support?It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.comThanks to our partner, PromotiveIt's time to hire a superstar for your business; what a grind you have in front of you. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: podcast@paarmelis.comText Paar Melis @ 301-307-5413Download a Copy of My Books Here:Wrenches to Write-OffsYour Perfect Shop The Aftermarket Radio Network: https://aftermarketradionetwork.com/Remarkable Results Radio Podcast with Carm Capriotto https://remarkableresults.biz/Diagnosing the Aftermarket A to Z with Matt Fanslow https://mattfanslow.captivate.fm/

Thanks to our partners, NAPA TRACS and PromotiveThis week on Business by the Numbers, Hunt Demarest, CPA with Paar Melis and Associates, breaks down the latest market news and legislative updates that directly impact auto repair shop owners. From the return of the BOI (Beneficial Ownership Information) report to evolving tax policy discussions and IRS processing delays, Hunt provides a no-nonsense analysis of what's happening and how it could affect your business.In This Episode, You'll Learn:✔️ The BOI Report is back—what it is, why it matters, and the March 21st deadline you can't ignore.✔️ Trump's tax proposals—what's being discussed, what's likely to pass, and what it means for your shop and your customers.✔️ IRS struggles & refund delays—why tax processing is slower than ever and what to expect if you're waiting on an Employee Retention Tax Credit (ERTC) refund.✔️ Interest rates & the economy—why rates aren't moving much (yet), and what this means for your financial strategy in 2025.✔️ The state of small businesses & consumer spending—how last year's trends impact this year's outlook, and why customer financial health affects your shop's profitability.Thanks to our partners, NAPA TRACS and PromotiveThanks to our partner, NAPA TRACS Did you know that NAPA TRACS has onsite training plus six days a week support?It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.comThanks to our partner, PromotiveIt's time to hire a superstar for your business; what a grind you have in front of you. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: podcast@paarmelis.comText Paar Melis @ 301-307-5413Download a Copy of My Books Here:Wrenches to Write-OffsYour Perfect Shop The Aftermarket Radio Network: https://aftermarketradionetwork.com/Remarkable Results Radio Podcast with Carm Capriotto https://remarkableresults.biz/Diagnosing the Aftermarket A to Z with Matt Fanslow https://mattfanslow.captivate.fm/

ERTC Express helps small businesses like yours retroactively apply for the Employee Retention Tax Credit (ERTC) before the April 15, 2024 deadline - so hurry up and file your claim today! Get more details at https://bit.ly/ertc26 LP Consulting LLC City: Monroe Address: 3648 Gruber Rd Website: https://get26k.com/

Wish there was an easy way to apply for the Employee Retention Tax Credit (ERTC)? With ERTC Express (800-123-4567), it only takes 15 minutes to get started! Learn more and get started with your claim process at https://bit.ly/ertc26 LP Consulting LLC City: Monroe Address: 3648 Gruber Rd Website: https://get26k.com/

Thanks to our partners, NAPA TRACS and PromotiveEnd-of-year chaos is here, and Hunt's been busy diving into webinars, questions, and updates on some big topics like the BOI report, interest rates, and the infamous Employee Retention Tax Credit (ERTC). In this episode, Hunt breaks down what's happening, what you need to know, and what you should (or shouldn't) do before heading into 2024.Here's What You'll Learn in This Episode:BOI Report (Beneficial Ownership Information): This rule was meant to track down shady business practices, but now it's tangled in legal challenges and paused—for now. Already filed? You're good. Haven't filed? You've got choices. Hunt explains the pros and cons of sitting tight or filing now.Interest Rates and the Economy: Rates are dropping, but what does that actually mean? Hunt explains why “good news is bad news” for the economy and what's expected for borrowing costs, CDs, and savings rates in 2024. Key dates to watch for financial reports that could shake things up (spoiler alert: December 11th and 12th are big ones).ERTC: Still Alive, but Barely: The IRS is drowning in a mountain of unprocessed claims—think years of delays.What to do if you're still waiting on your ERTC money and why you shouldn't count your chickens (or your tax credit) just yet.Learn more about how to fill out the BOI Report here: https://youtu.be/5pP1b_IzbSYThanks to our partners, NAPA TRACS and PromotiveDid you know that NAPA TRACS has onsite training plus six days a week support?It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.comThanks to our partner, PromotiveIt's time to hire a superstar for your business; what a grind you have in front of you. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: podcast@paarmelis.comDownload a Copy of My Books Here:Wrenches to Write-OffsYour Perfect Shop The Aftermarket Radio Network: https://aftermarketradionetwork.com/Remarkable Results Radio Podcast with Carm Capriotto: Advancing the Aftermarket by Facilitating Wisdom Through Story Telling and Open Discussion.

Thanks to our partners, NAPA TRACS and PromotiveEnd-of-year chaos is here, and Hunt's been busy diving into webinars, questions, and updates on some big topics like the BOI report, interest rates, and the infamous Employee Retention Tax Credit (ERTC). In this episode, Hunt breaks down what's happening, what you need to know, and what you should (or shouldn't) do before heading into 2024.Here's What You'll Learn in This Episode:BOI Report (Beneficial Ownership Information): This rule was meant to track down shady business practices, but now it's tangled in legal challenges and paused—for now. Already filed? You're good. Haven't filed? You've got choices. Hunt explains the pros and cons of sitting tight or filing now.Interest Rates and the Economy: Rates are dropping, but what does that actually mean? Hunt explains why “good news is bad news” for the economy and what's expected for borrowing costs, CDs, and savings rates in 2024. Key dates to watch for financial reports that could shake things up (spoiler alert: December 11th and 12th are big ones).ERTC: Still Alive, but Barely: The IRS is drowning in a mountain of unprocessed claims—think years of delays.What to do if you're still waiting on your ERTC money and why you shouldn't count your chickens (or your tax credit) just yet.Learn more about how to fill out the BOI Report here: https://youtu.be/5pP1b_IzbSYThanks to our partners, NAPA TRACS and PromotiveDid you know that NAPA TRACS has onsite training plus six days a week support?It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.comThanks to our partner, PromotiveIt's time to hire a superstar for your business; what a grind you have in front of you. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: podcast@paarmelis.comDownload a Copy of My Books Here:Wrenches to Write-OffsYour Perfect Shop The Aftermarket Radio Network: https://aftermarketradionetwork.com/Remarkable Results Radio Podcast with Carm Capriotto: Advancing the Aftermarket by Facilitating Wisdom Through Story Telling and Open Discussion.

Thinking about claiming the Employee Retention Tax Credit (ERTC)? With LP Consulting LLC, you can quickly verify if you qualify and get your paperwork in order. Their simplified process ensures you meet IRS requirements while maximizing your potential refund. Have a look here: https://get26k.com/ LP Consulting LLC City: Monroe Address: 3648 Gruber Rd Website: https://get26k.com/ Email: lpciaff@gmail.com

In this week's episode of Business by the Numbers, Hunt Demarest, CPA, dives into the latest updates on the Employee Retention Tax Credit (ERTC) from the IRS. This episode is a must-listen if you're unsure about your ERTC status or how it impacts your taxes.Explore the IRS's recent announcements and what they mean for your ERTC claims.Understand the different risk categories the IRS has assigned to ERTC applications.Learn the tax implications if you've received ERTC funds but haven't filed your taxes yet.Get practical advice on what to do if you're still waiting for your ERTC money.Thanks to our partner, NAPA TRACS Did you know that NAPA TRACS has onsite training plus six days a week support?It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.comThanks to our partner, PromotiveIt's time to hire a superstar for your business; what a grind you have in front of you. Great news, you don't have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: podcast@paarmelis.comDownload a Copy of My Books Here:Wrenches to Write-OffsYour Perfect Shop Aftermarket Radio NetworkRemarkable Results Radio Podcast with Carm Capriotto: Advancing the Aftermarket by Facilitating Wisdom Through Story Telling and Open DiscussionDiagnosing the Aftermarket A to Z with Matt Fanslow: From Diagnostics to Metallica and Mental Health, Matt Fanslow is Lifting the Hood on Life.The Auto Repair Marketing Podcast with Kim and Brian Walker: Marketing Experts Brian & Kim Walker Work with Shop Owners to Take it to the Next Level. The Weekly Blitz with Chris Cotton: Weekly Inspiration with Business Coach Chris Cotton from AutoFix - Auto Shop Coaching.Speak Up! Effective Communication with Craig O'Neill: Develop Interpersonal and Professional Communication Skills when Speaking to Audiences of Any Size.Business by the Numbers with Hunt Demarest: Understand the Numbers of Your Business with CPA Hunt Demarest.

In this week's episode of Business by the Numbers, Hunt Demarest, CPA, dives into the latest updates on the Employee Retention Tax Credit (ERTC) from the IRS. This episode is a must-listen if you're unsure about your ERTC status or how it impacts your taxes.Explore the IRS's recent announcements and what they mean for your ERTC claims.Understand the different risk categories the IRS has assigned to ERTC applications.Learn the tax implications if you've received ERTC funds but haven't filed your taxes yet.Get practical advice on what to do if you're still waiting for your ERTC money.Thanks to our partner, NAPA TRACS Did you know that NAPA TRACS has onsite training plus six days a week support?It all starts when a local representative meets with you to learn about your business and how you run it. After all, it's your shop, so it's your choice.Let us prove to you that Tracs is the single best shop management system in the business. Find NAPA TRACS on the Web at NAPATRACS.comThanks to our partner, PromotiveIt's time to hire a superstar for your business; what a grind you have in front of you. Great news, you don't have to go it alone. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.Paar Melis and Associates – Accountants Specializing in Automotive RepairVisit us Online: www.paarmelis.comEmail Hunt: podcast@paarmelis.comDownload a Copy of My Books Here:Wrenches to Write-OffsYour Perfect Shop Aftermarket Radio NetworkRemarkable Results Radio Podcast with Carm Capriotto: Advancing the Aftermarket by Facilitating Wisdom Through Story Telling and Open DiscussionDiagnosing the Aftermarket A to Z with Matt Fanslow: From Diagnostics to Metallica and Mental Health, Matt Fanslow is Lifting the Hood on Life.The Auto Repair Marketing Podcast with Kim and Brian Walker: Marketing Experts Brian & Kim Walker Work with Shop Owners to Take it to the Next Level. The Weekly Blitz with Chris Cotton: Weekly Inspiration with Business Coach Chris Cotton from AutoFix - Auto Shop Coaching.Speak Up! Effective Communication with Craig O'Neill: Develop Interpersonal and Professional Communication Skills when Speaking to Audiences of Any Size.Business by the Numbers with Hunt Demarest: Understand the Numbers of Your Business with CPA Hunt Demarest.

July's guest on the Frogcast is Jeremy Calva, EVP and Chief Financial Officer of Rivermark Community Credit Union. With a diverse background across multiple industries, and a long history in credit unions, his viewpoint is unique and well-founded with a strong financial viewpoint. Always on the lookout to help his CU improve earnings and capital, Jeremy shares his views on a few of the opportunities we have today. He covers complex topics such as the Employee Retention Tax Credit (ERTC), liquidity management, derivatives, and arbitrage positions while also connecting his work to community impact. Whether you are a finance expert, or want to become one, this episode will provide value to all credit union professionals. Interviewers: Shonna Shearson and Nate Burns Producers: Ryan Kane and Steve Schmidle Supporting Cast: Robert York, Original Ryan Olsen, James Wileman and Jeff Morris

Thinking about retroactively applying for the Employee Retention Tax Credit (ERTC) in 2024? LP Consulting can help! They offer free eligibility checks that can be completed in 15 minutes, and they'll make sure your documentation is audit-proof, too. Check out their filing services at https://get26k.com/ LP Consulting LLC City: Monroe Address: 3648 Gruber Rd Website: https://get26k.com/ Email: lpciaff@gmail.com

Tune in to this episode of Finding Certainty as Patrick Laing delves into the intricacies of the Self Employed Tax Credit (SETC) and its comparison to the Employee Retention Tax Credit (ERTC) and other programs like it. Join him as he explores the history of the company and its founders, Sam Nihalani and Brett Perry, uncovering what makes SETC Tax Return so unique. Discover their AI-driven process, efficient tax detail collection, and robust tracking system that set SETC apart. Learn about the parameters, steps, opportunity, and more in this enlightening discussion on VoiceAmerica Business and Finding Certainty. To learn more about SETC Tax Return go to:. https://www.setctaxreturn.com/?r=certainty or www.certaintytaxcredits.com. To learn more about Finding Certainty, Patrick Laing, Certainty Management, or our global technology firm, Certainty Global, please go to https://certaintyteam.com or call us at (888) 684-3122. View additional episodes of Finding Certainty anytime at www.certaintylive.com.

Host Ericka Adler is joined this week by fellow Roetzel shareholder and leader of the tax practice group, attorney Donna Hartl. Donna provides insight on how and why the Employee Retention Tax Credit (ERTC) was originally set up, and how some practices may have received poor advice in applying for the credit. They also discuss how practices can assure the credit was properly evaluated and how to handle credits they may have wrongfully obtained. Finally, Donna explains the current status of the ERTC and how practices can still seek out a proper tax credit. Find all of our network podcasts on your favorite podcast platforms and be sure to subscribe and like us. Learn more at www.healthcarenowradio.com/listen/

The pandemic may be over, but U.S. business owners are still facing challenges. Employee Retention Tax Credit (ERTC) specialists at LP Consulting LLC are helping small business owners affected by COVID-19 receive a sizable IRS refund check through the program.Visit https://get26k.com for more. LP Consulting LLC City: Monroe Address: 3648 Gruber Rd Website https://get26k.com/ Phone +1-734-274-2488 Email lpciaff@gmail.com

You can get up to $26k per W-2 employee with the simple, free Employee Retention Tax Credit (ERTC) application process, made easy by LP Consulting. Learn more at https://get26k.com LP Consulting LLC City: Monroe Address: 3648 Gruber Rd Website https://get26k.com/ Phone +1-734-274-2488 Email lpciaff@gmail.com

As small businesses continue to face challenges post-pandemic, Employee Retention Tax Credit (ERTC) expert LP Consulting LLC is helping American business owners affected by COVID-19 claim and receive up to $26,000 per qualified W-2 employee.Visit https://get26k.com for more information. LP Consulting LLC City: Monroe Address: 3648 Gruber Rd Website https://get26k.com/ Phone +1-734-274-2488 Email lpciaff@gmail.com

LP Consulting can help you to secure the financial support you deserve through its Employee Retention Tax Credit (ERTC) claims assistance. Get in touch today for expert guidance! Find out more at: https://get26k.com/ LP Consulting LLC City: Monroe Address: 3648 Gruber Rd Website https://get26k.com/ Phone +1-734-274-2488 Email lpciaff@gmail.com

Perhaps you've heard about the Employee Retention Tax Credit (ERTC) but aren't sure if you're eligible. With LP Consulting LLC's free eligibility questionnaire and rebate calculator, it'll take you only a few minutes to see if you could get thousands in tax relief! Visit https://get26k.com/ LP Consulting LLC City: Monroe Address: 3648 Gruber Rd Website https://get26k.com/ Phone +1-734-274-2488 Email lpciaff@gmail.com

You know the phrase, “don't leave money on the table,” but have you applied for the Employee Retention Tax Credit yet? If not, that could be your money left on the table! The Employee Retention Credit (ERC), also called the Employee Retention Tax Credit (ERTC), is a refundable tax credit for businesses and tax-exempt organizations that had employees and were affected during the COVID-19 pandemic. Find out if you're eligible for ERC relief on this episode of the Cut to the Chase: Podcast, as Gregg Goldfarb interviews Ted Forman from Forman Law Offices. Ted is a skilled and successful courtroom litigator and negotiator in mass torts, medical malpractice, and serious personal injuries.  Today, Ted is busting myths and misconceptions around ERC eligibility and teaching you two ways your law firm (or other business) can qualify for ERC relief funds. Ted and his team at Forman Law Offices are ready to help you get your ERC money. Don't leave thousands on the table. Act now! Join Gregg and Ted on "Cut to the Chase" as they discuss: - How to qualify for the ERC program. - Am I eligible for ERC funds if I received PPP loans? - Do I need to do a financial analysis with my accountant to prove I am eligible for ERC? - The Revenue Reduction Test & The Temporary Partial Business Interruption Test. - How to work with Forman Law Offices to get ERC funds for your law firm. - What is the due date to apply for ERC money? When does the ERC relief program end? - How the IRS is preventing ERC fraud. - Can my other (non-law) business hire Ted to get ERC relief? - I'm a solo law firm owner with no employees. Am I eligible for ERC relief?   The resources mentioned in this episode are: - To figure out if your law firm (or other business) qualifies for ERC relief, you can use the Revenue Reduction Test and the Temporary Partial Business Interruption Test. - To work with Ted to receive your ERC funds, visit his website: https://www.formanlawoffices.com and call his office at 1-800-827-7731. - Depending on the tax year you apply for, due dates for ERC applications are April 15th, 2024 and April 15th, 2025.   To learn more about mass tort law cases and lawyer best practices, subscribe to the Cut to the Chase: Podcast with Gregg Goldfarb.  

Do you want to claim your Employee Retention Tax Credit (ERTC) benefits but don't have the time to read up on the latest IRS guidelines? Let LP Consulting's all-in-one application portal handle everything for you. Check it out at https://get26k.com/ LP Consulting LLC City: Monroe Address: 3648 Gruber Rd Website https://get26k.com/ Phone +1-734-274-2488 Email lpciaff@gmail.com

Join host Gene Marks in this insightful episode as he discusses the Employee Retention Tax Credit (ERTC) with Erin Lierheimer, Senior Technical Product Manager, and Ken Bersani, Manager of Operating Risk, both from Paychex. Learn how businesses can claim retroactive credits for pandemic-related losses. Discover the ERTC qualifications, eligibility, timeline, and how Paychex can assist in the process. Don't miss out on valuable information about the ERTC benefits and deadlines for claiming retroactive credits. 00:00 – Introduction­ 00:15 – Financing trends for 2023­ 01:01 – What is the ERTC?­ 03:15 – Guest introduction­ 03:51 – Meet Erin Lierheimer­ 05:39 – Meet Ken Bersani­ 06:14 – Using a professional for ERTC­ 07:25 – Can you still obtain the ERTC credit?­ 07:43 – Retroactive amendments to ERTC­ 08:09 – How long does it take to get refunds?­ 08:33 – ERTC timeline and leaving yourself time­ 11:38 – How Paychex helps with the process­ 12:09 – ERTC with other loans and credits­ 15:41 – Qualifications and eligibility for ERTC­ 15:51 – Full or partial shutdown­ 19:45 – Decline in gross receipts­ 22:47 – Recovery startup businesses­ 25:02 – Key dates­ 26:07 – Auditing by the IRS­ 30:51 – Wrap up Discover more about the benefits of the ERTC at www.paychex.com/worx/guide/ertc-resource. Find out more about the deadlines to retroactively claim the ERTC www.paychex.com/articles/compliance/employee-retention-credit. Learn more about the ERTC and how Paychex can help at www.paychex.com/tax-services/employee-retention-tax-credit-services. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.  

Did you know you could get as much as $26,000 per qualifying employee with the Employee Retention Tax Credit (ERTC)? If you apply through ERTC Wizard, your total time commitment to determine your eligibility will be only 15 minutes! Visit https://ertcwizard.com/ ERTC Wizard 2323 Madison Avenue, Memphis, TN 38104, United States Website https://ertcwizard.com Email prc.pressagency@gmail.com

If you're a business owner whose operations suffered during the pandemic, you may be eligible for a refund from the IRS called the Employee Retention Tax Credit (ERTC). You could receive up to $26K per employee, and ERTC Express can help you apply. Visit http://covidtaxcreditexpress.com/ ERTC Express 5404 Cypress Center Drive Suite 375 , Tampa, Florida 33609, United States Website http://covidtaxcreditexpress.com Email prc.pressagency@gmail.com

Do you wonder if you qualify for the employee retention tax credit? Or do you know you qualify but haven't filed yet because you have unanswered questions? I have had hundreds of people reach out to me for answers, and I have put together many of their questions to give you the facts in this episode to help you be able to file for the ERTC without paying a significant percentage of the credit to a company to assist you.Candy Messer has helped hundreds of businesses claim millions of dollars for the Employee Retention Tax Credit by providing resources to help entrepreneurs file on their own as well as assisting those who don't want to do the paperwork themselves. Resources to help you file on your own include:Understanding the Qualifications for ERTC - Can you Apply For the Credit? https://youtu.be/JhoUg74feYQ How to Determine if You Qualify for ERTC https://youtu.be/Hp8jU_JDcyM How to File the Original 941 to Claim the Employee Retention Tax Credit (ERTC) https://youtu.be/CqQv3A6x2FE   ERTC Interview https://youtu.be/CqQv3A6x2FE Are you a Recovery Startup Business? Claim the ERTC Credit! https://youtu.be/-Eq80rLzLzE Employee Retention Tax Credit 941X instructions (ERTC) https://youtu.be/mUrnakfeNvc UPDATED ERTC filing instructions beginning 3rd Quarter 2021 https://youtu.be/Qm2WCp3szB0 Determining What Wages to Use for the ERTC and PPP https://youtu.be/ExVnqFEnOa4 If you need help with your filings, we have many solutions to assist you:1-Hour consultations to answer your specific questionsCalculating your qualified wagesFiling your 941-X formsIf you would like help, reach out to us at contact@abandp.com and let us know if you would like a consult, need help calculating wages, and/or help with filing your returns. My staff and I are ready to help you!Support the show

There's a big possibility that your small business qualifies for Employee Retention Tax Credit (ERTC). And LP Consulting LLC makes it easy to ascertain if you are! Learn more by visiting https://get26k.com/ LP Consulting LLC 3648 Gruber Rd, Monroe, Mi 48162, United States Website https://get26k.com/ Email lpciaff@gmail.com

As TikTok's future in the U.S. is up in the air due to potential bans, the platform is still making big marketing moves by entering the search ads market and challenging Google and Microsoft. Is it time to get down with the kids and embrace TikTok search? Competition breeds innovation, and this week's episode is all about exploring new marketing trends from the tech giants. How will Google adjust to keep advertisers on its platform? We can only expect more exciting developments in the search advertising space. Remember that while TikTok may be the shiny new toy on the block, you shouldn't throw all your eggs in one basket just yet. Another wise business move we strongly recommend is to claim your Employee Tax Retention Credit. If you're a business owner who had at least three full-time employees during the pandemic and retained them, you may be eligible for the ERTC. To learn more about this credit and whether your business qualifies, visit ertcadvisors.org. Resources mentioned in our episode:TikTok enters the search ad market, challenging Google and MicrosoftDuckDuckGo Enters the AI Race with DuckAssistWhat is Employee Retention Tax Credit (ERTC)? IRS issues renewed warning on Employee Retention Credit claimsEnjoy the show? Subscribe and leave us a review! Don't forget to send us your questions and comments at ask@incamerapodcast.com.

​Hey %FIRSTNAME%,   Was your law firm or business affected by COVID-19?    We are reaching out to you and other business owners like yourself about an incredible opportunity you will not want to miss out on, the Employee Retention Tax Credit (ERTC)!    What is the ERTC program?    ERTC is a program that rewards businesses that kept employees on their payroll during the pandemic but affected by the COVID-19 pandemic. Our law firm is helping business owners to ensure they take full advantage of the ERTC.    Already received a PPP loan? You can still qualify!    Ask yourself these questions:    ● Was your business impacted by the pandemic?  ● Are you a business with 3 or more full-time W2 employees?  ● Would you like to earn a credit up to $26,000 per full-time W2 employee?    If you answered yes to these questions, contact The Lake Law Firm today to get your ERTC claim started. The best part? We work on a tax-deductible contingency fee, which means there is no upfront charge and we do not earn anything unless we recover funds for you! At The Lake Law Firm, we are in the business of helping businesses.    Contact us today and we can help get you started!    https://ertcadvisors.org/wedowebcontent ​   Follow the link and fill out the short questionnaire to see if you qualify.    We look forward to helping you recover your credit! 

We are nearly three years out from the start of the COVID-19 pandemic, but businesses are still in the process of recovering from its effects. Faced with many options for financing help It can become very overwhelming. That's why we're talking to Erin Lierheimer, Senior Technical Product Manager at Paychex, and Ken Bersani, Manager of Operating Risk at Paychex about the Employee Retention Tax Credit (ERTC), how you can retroactively claim it, the qualifications and eligibility of the ERTC, how Paychex can help with the process, and much more. Topics Include: 00:15 – Financing trends for 2023 01:01 – What is the ERTC? 03:15 – Guest introduction 03:51 – Meet Erin Leirheimer 05:39 – Meet Ken Bersani 06:14 – Using a professional for ERTC 07:25 – Can you still obtain the ERTC credit? 07:43 – Retroactive amendments to ERTC 08:09 – How long does it take to get refunds? 08:33 – ERTC timeline and leaving yourself time 11:38 – How Paychex helps with the process 12:09 – ERTC with other loans and credits 15:41 – Qualifications and eligibility for ERTC 15:51 – Full or partial shutdown 19:45 – Decline in gross receipts 22:47 – Recovery startup businesses 25:02 – Key dates 26:07 – Auditing by the IRS 30:51 – Wrap up Discover more about the benefits of the ERTC at www.paychex.com/worx/guide/ertc-resource. Find out more about the deadlines to retroactively claim the ERTC www.paychex.com/articles/compliance/employee-retention-credit. Learn more about the ERTC and how Paychex can help at www.paychex.com/tax-services/employee-retention-tax-credit-services. DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.  

Adam Weiss is the founder and creator of plant-based QSR Honeybee Burger based in Los Angeles. Adam is a 20-year veteran of Wall Street and has been a principal, co-founder and consultant to multiple businesses across several market cycles and asset classes. Industries and projects he's been involved with include traditional liquid market funds, digital assets, film financing, food /ag tech, CPG, consumer finance and real estate. Adam established Merkle Tree, his consulting practice, 5 years ago to manage various consulting engagements with a broad range of companies including Coinbase, the cryptocurrency trading company. Adam has built Merkle tree into one of the leading ERTC consulting firms in the country. His specialty expands beyond food and beverage and CPG, though he is especially experienced in those sectors. In this episode, we'll dive into the details of Employee Retention Tax Credit (ERTC) and how it can help restaurants stay afloat during the COVID-19 pandemic. We discuss the eligibility requirements, how to apply, and the potential benefits for employers and employees. If you're a restaurant owner or manager, don't miss out on this valuable resource for keeping your staff on board. Tune in to learn more about the ERTC and how it can help your restaurant weather the current crisis.

Welcome to episode 155 of the Grow Your Law Firm podcast, hosted by Ken Hardison. In this episode, Ken sits down with Michael Blom and they talk about getting the most out of the Employee Retention Tax Credit (ERTC) claim. As a partner at The Lake Law Firm, Michael Blom focuses on personal injury, pharmaceutical drug injury, medical device liability, and mass tort litigations. Mr. Blom works with attorneys nationwide on mass tort case acquisition and co-counseling services. Mr. Blom also works with business owners to recover refundable tax credits through the employee retention credit. What you'll learn about in this episode: What the Employee Retention Tax Credit is How long do you have to file ERTC claims Maximize the most of the ERTC claim Qualified time period Who qualifies for the ERTC credit   Resources:  Website: www.thelakelawfirm.com ERTC Advisors: https://ertcadvisors.org/ Facebook: https://www.facebook.com/thelakelawfirm Twitter: https://twitter.com/thelakelawfirm LinkedIn: https://www.linkedin.com/company/thelakelawfirm    Additional Resources: PILMMA's Super Summit: https://www.pilmma.org/summit/ The Mastermind Effect: https://www.pilmma.org/the-mastermind-effect/ PILMMA's Free Resources: https://www.pilmma.org/resources/ PILMMA Join Page: https://www.pilmma.org/mastermind/

Nothing you do today is more important! This episode may be the last Hail Mary you receive from the government due to Covid 19. In case you haven't heard, your restaurant can claim lots of money without paying it back. This is money you've already paid in payroll taxes, and the IRS will pay it back to you. In this episode of the Restaurant Rockstars Podcast, I'm speaking with Mike Schaeffer of Whirks, an accounting firm specializing in payroll taxes and the ERTC Listen as Mike explains: • What the Employee Retention Tax Credit (ERTC) is - a newly expanded refundable tax credit given to employers who are keeping their employees on payroll despite COVID-19 related challenges and losses. • How Much your business can qualify for • How to qualify • When you will receive your money • How to get a no obligation consult for your business There's No catch and it's Not too good to be true, but you must act quickly as the sooner you apply, the sooner you'll get your money. Contact Whirks at this link: https://page.whirks.com/employee-retention-credit. I personally worked with their team, and they got my restaurant a nice sum of cash from the payroll taxes I paid. They were professional and super easy to work with. Watch or Listen to this episode and then go out there and Rock YOUR Restaurant! https://bit.ly/E321RRP Roger Thank you to our sponsors:

If you own a small business, or even if you don't, you may be getting a lot of solicitations advising you that you may qualify for the Employee Retention Tax Credit (ERTC). Be wary of these "ERC Shops" that may advise you to claim the credit when you may not qualify. These third parties often charge large upfront fees or a fee that is contingent on the amount of the refund and may not inform taxpayers that wage deductions claimed on the business' federal income tax return must be reduced by the amount of the credit. Businesses are encouraged to be cautious of advertised schemes and direct solicitations promising tax savings that are too good to be true. Taxpayers are always responsible for the information reported on their tax returns. Improperly claiming the ERTC could result in taxpayers being required to repay the credit along with penalties and interest, and chances are that by the time that auditor comes around, those ERC Shops will be nowhere to be found. If you think you may qualify for a tax credit, discuss it with a qualified professional like your CPA.

There's another pandemic financial incentive that you probably haven't claimed yet. Not PPP. Not EIDL. The Employee Retention Tax Credit (ERTC). A lot of businesses didn't qualify when the program first launched. But the government updated the qualifications this summer and the chances are that you now most likely qualify.Join Martin, Khalil, and Daniel from Tax Credit Authority as they go over the ERTC qualification process, how much a company can claim, and why you should not miss out on this benefit for your business.Time Stamps 00:16 - Martin's Recent Trips 01:33 - Episode and Guest Intro 02:21 - How Martin Got Connected with TCA 03:59 - What is ERTC? 05:12 - Introduction to Tax Credit Authority 06:04 - Which Companies Qualify for ERTC? 07:14 - Other Factors to Consider When Filing for an ERTC 10:31 -  How to Demonstrate Business Impact for ERTC Filing 12:06 - Additional Ways to Be Eligible for an ERTC 15:22 -  Determining the Size or Eligibility of the Credit 17:06 - The Value of Having Proper Documentation 18:44 - Is Childcare-Related Workforce Reduction Considered a Business Impact? 20:08 - How Much ERTC Can You Claim Per Employee? 22:15 - Can a PPP Loan Affect Your ERTC Claim? 25:09 - Is ERTC Taxed? 27:54 - How TCA Processes Your ERTC Application 32:03 - Examples of Companies that have claimed their ERTC 36:38 - Timeframe From ERTC Application to Receipt of Refund 38:14 - Is there a Deadline for Claiming the ERTC? 38:51 - What if There's No Income Drop in Your Business?  40:16 - Factoring in the Shutdown Period  42:02 - Is an ERTC Claim Subject to Audit? 43:19 - How To Reach Tax Credit Authority Quotable Moments “Employee Retention Tax Credit (ERTC) is part of the Cares Act. The purpose behind it is to provide economic stimulus to the economy, and the vehicle for doing that is providing a tax refund to employers.” - Daniel Oestrich “Very common businesses have multiple different impacts that face the business during the timeframe of the pandemic. And that particular aspect is a very strong case to be made for business impact.” - Daniel Oestrich  I think the message here is it's definitely worth it. Have somebody go get some real numbers. The effort involved is pretty minimal, especially if you have an accountant.” - Martin  Resources Need Marketing Help? We Recommend Benali Watch On Youtube Follow On Social: LinkedIn, Facebook, Instagram Subscribe To Our Newsletter, The Countdown Have Questions? Email us More from Tax Credit Authority www.taxcreditauthority.com info@taxcreditauthority.com More from Martin theprofitproblem.com annealbc.com    Email Martin Meet With Martin LinkedIn Facebook Instagram More from Khalil benali.com  Email Khalil Meet With Khalil LinkedIn Facebook Instagram More from The Cashflow Contractor Ask Us A Question Sign Up For A Free Consultation thecashflowcontractor.com  Email The Cashflow Contractor LinkedIn Facebook Instagram

As an entrepreneur, it is exciting to meet someone with a similar mindset as me in business. This is especially true in the tax and accounting industry, where it is so easy to fall into old habits and continue doing things the way they've always been done. So it was refreshing to meet Kristen Engeron. Kristen is the President of Legacy Consultants, LLC, which provides outsourced CFO and controller services, as well as tax services. They have been in business since 2010 and have clients all over the United States. Kristen has over 20 years of tax experience that she uses to ensure her clients' businesses are as profitable as they can be through corporate structuring, tax planning, and establishing appropriate financial controls and departments. Kristen is truly in business to help small business owners in any way she can. One way she does that is by offering an Employee Retention Tax Credit (ERTC) service, which is what we discuss in this episode. I know you're going to enjoy this conversation with Kristen. You'll learn how to take advantage of the ERTC and what red flags to look out for when searching for a professional to work with.   * Call Kristen at: 985-360-3460 * Email her: kristen@legacyconsultantsllc.com * Be sure to mention this episode for a 10% discount!   * Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/ * Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa * Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so * Hire us: https://www.fitnancialsolutions.com/accounting * Find me on IG @shannonweinstein * Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ * Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

Still a hot topic, the Employee Retention Tax Credit (ERTC) remains available retroactively for those who qualify. On this episode of The Bottom Line Pharmacy Podcast, the team (Bonnie Bond, CPA, Kendell Harris, CPA and Scotty Sykes, CPA, CFP®) discusses ERTC eligibility for startup pharmacies.  Check out our previous episode on ERTC:  https://www.buzzsprout.com/1610128/11202486 Please like and subscribe, and click here to learn more about our podcast team and previous episodes: https://www.sykes-cpa.com/media-resources/the-bottom-line-pharmacy-podcast/  Listen on Spotify: https://open.spotify.com/show/1VStwVBZ5Y7OIy2REiJPFV Listen on Stitcher: https://www.stitcher.com/show/the-bottom-line-pharmacy-podcast--sykes---company--p-a- Listen on Amazon Music: https://music.amazon.com/podcasts/ba5b39de-b2b0-4fe7-9691-271dc13bfe58/the-bottom-line-pharmacy-podcast-sykes-company-p-a 

Considering applying for the Employee Retention Tax Credit (ERTC)? Businesses looking to recoup tax savings thanks to extended ERTC rules should be cautious of gray areas in IRS guidance and offers too good to be true. Businesses who previously passed on the CARES Act program may be tempted to give ERTC a second glance, but there are important stipulations that must be met to avoid a costly investigation from the IRS later. But Who's Counting?  host David E. Hartley discussed the ins and outs of the ERTC with Anders Principal + Tax Sean McKenzie in addition to the following: ·       What qualifications a business must meet to apply for an ERTC·       How a business can use both PPP and ERTC, with some important exceptions·       How you can recoup tax savings from 2020 and 2021 by amending past tax filings.·       What businesses who only experienced a partial shutdown during the coronavirus pandemic should watch out for Make sure to never miss an episode by subscribing on Spotify, Pandora or Apple Podcasts and let us know what you think by rating and reviewing. Keep up with more Anders insights by visiting our website and following us on social media: Facebook | LinkedIn | Instagram | Twitter

Employee Retention Tax Credit (ERTC) and R&D Credit. This week Hunt discusses some tax credits that are being pushed to business owners recently. • What is the ERTC and do I qualify for it? • How do I know if I qualify and are there different things to look at with this credit? • What is the R&D Tax Credit? • What kinds of things do I need to be doing in order to qualify for this credit? The Show is sponsored by: Shop-Ware on the web at https://getshopware.com (getshopware.com) NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com (repairshopoftomorrow.com) Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : http://www.paarmelis.com/ (www.paarmelis.com) Email Hunt: podcast@paarmelis.com Get a copy of my Book :https://paarmelis.com/your-perfect-shop-book-download/ ( Download Here)

Employee Retention Tax Credit (ERTC) and R&D Credit. This week Hunt discusses some tax credits that are being pushed to business owners recently. • What is the ERTC and do I qualify for it? • How do I know if I qualify and are there different things to look at with this credit? • What is the R&D Tax Credit? • What kinds of things do I need to be doing in order to qualify for this credit? The Show is sponsored by: Shop-Ware on the web at https://getshopware.com (getshopware.com) NAPA Auto Care Repair Shop of Tomorrow at https://repairshopoftomorrow.com (repairshopoftomorrow.com) Hunt Demarest, CPA Paar Melis and Associates – Accountants Specializing in Automotive Repair Visit us Online : http://www.paarmelis.com/ (www.paarmelis.com) Email Hunt: podcast@paarmelis.com Get a copy of my Book :https://paarmelis.com/your-perfect-shop-book-download/ ( Download Here)

Host Ericka Adler Roetzel Health Law Practice Group leader is joined by guest Christen Berman, Managing Director at Redwood Tax Strategy, for an in-depth discussion on the Employee Retention Tax Credit (ERTC) and how it might financially benefit healthcare practices that survived the COVID-19 pandemic. Ericka and Christen talk about what the ERTC is, how it fits in with PPP loans and Cares Act Funds, as well as how your healthcare or dental practice may qualify for this credit. Christen and Ericka will also clear up misinformation surrounding the ERTC and provide some best practice information to make sure you are getting the most out of this tax benefit. Find all of our network podcasts on your favorite podcast platforms and be sure to subscribe and like us. Learn more at www.healthcarenowradio.com/listen/

In this episode, host Ericka Adler Roetzel  Health Law Practice Group leader is joined by guest Christen Berman, Managing Director at Redwood Tax Strategy, for an in-depth discussion on the Employee Retention Tax Credit (ERTC) and how it might financially benefit healthcare practices that survived the COVID-19 pandemic. Ericka and Christen talk about what the ERTC is,  how it fits in with PPP loans and Cares Act Funds, as well as how your healthcare or dental practice may qualify for this credit.  Christen and Ericka will also clear up misinformation surrounding the ERTC and provide some best practice information to make sure you are getting the most out of this tax benefit.

Have you applied for any financial help during the health crisis? Are you a business owner? If you haven't yet checked, see if you are eligible to receive the Employee Retention Tax Credit (ERTC). Learn more at https://scotthall.co/employee-retention-credit-2021 (https://scotthall.co/employee-retention-credit-2021)

Think you're not qualified for the Employee Retention Tax Credit (ERTC) or not taking advantage of it yet? ORLA held a successful webinar recently on the subject and discussed some of the misconceptions about eligibility and how this tax credit could provide significant savings for our industry members. Boiled Down rebroadcasts the interview portion of the July webinar and talks briefly about some key advocacy updates. Guests: Tom Perrick, Oregon Restaurant & Lodging Association John Barofsky, Beppe & Gianni's Trattoria Krista Caulkins, Think LLP Advocacy Watch: Sales tax on meals proposals in Cannon Beach and Newport 2021 Legislative Session had some key wins for hospitality

Eric and Art discuss the Payroll Protection Program (PPP) and the Employee Retention Tax Credit (ERTC). Basically, before December 27 dentists who took the PPP loan (which was a much better deal) could not apply for the ERTC. When former President Trump signed the Stimulus bill in late December, it allowed business owners to file to claim the ERTC if they qualified, even if they took out a PPP loan. This now allows us to bifurcate wages paid in 2020 so that potentially a dentist can get full forgiveness of their PPP loans as well as claim a tax credit equal to as much as $5,000 per employee. To qualify for this, a dentist would either have to show at least a 50% reduction in their revenues for, most likely, Q2 of 2020 vs. Q2 of 2019, or show that any government unit (city, county, state) ordered them to shut down. Two days ago, the IRS issued 103 pages of rules on how this works. About Art Wiederman: Art has been a CPA serving the dental profession since 1984. He started his career working with dentists with the Pride Institute of Management running their financial services division, which ultimately became his CPA firm. Art merged his firm and is now part of Eide Bailly which serves over 700 dentists in the Western United States. Art is a frequent lecturer at local, state and national meetings on the subject of financial issues for dentists. He also has a weekly podcast with thousands of listeners called “The Art of Dental Finance and Management with Art Wiederman, CPA”. Visit Us:-https://www.allstardentalacademy.com/dental-training/podcast-ppp-2-0-and-employee-tax-credit-with-art-wiederman-cpa/

In this House Chat segment, Jim Koppenhaver, Founder & President of Pellucid Corp provides a detailed overview of the new Golf Market Research Center (GMRC) Pellucid he created with Stuart Lindsay, Principal, Edgehill Golf Advisors.  The GMRC provides facility comparative reporting and benchmarking information including weather-based operational data, mini-market profiles, monthly trends, a range of KPIs, and peer group benchmarking. Numerous facilities are already taking advantage of an outstanding Pilot Program, and the official launch for those interested in being Charter Members with a range of additional benefits begins on May 1, 2021. In this Advocacy segment, David Young, CEO of Cadre Health outlines the financial benefits presented by the Employee Retention Tax Credit (ERTC). The ERTC provides a significant financial benefit opportunity to businesses and Cadre Health specializes in helping owners and operators navigate and take advantage of this program with no upfront costs, resulting in funds being returned to the business via the ERTC Program.   

It wasn't available to you. Now, it might be. This was the amount. Now, the amount is different for a different year.Here's the eligibility criteria. Now, here's some new criteria too.What sounds like a befuddling riddle is actually a description of The Employee Retention Tax Credit (ERTC). It's changed a lot in the last few months. Now, organizations who have PPP loans are able to qualify for this tax credit too. New guidelines have been established for how to claim the credit in 2020 and 2021. The extension and expansion rules have evolved. So if your company is looking to take advantage of the ERTC, how can you make sense of the tax credit in a way that leads to claiming dollars for your business instead of scratching your head?In this episode, ERTC advisor Cristy Andrews, CPA, CGMA explains the points of interest for this tax credit, while special guest Tim Gothard, Executive Director of the Alabama Wildlife Federation, shares the story and perspective of an organization that has utilized—and benefitted from—the ERTC.  After listening to this episode, you'll be able to:Know the amount of the ERTC available per employee (despite common misconceptions)Understand how a refundable tax credit benefits organizations Recognize how laws have changed from prohibiting some organizations from claiming the ERTC to allowing them to claim the ERTCUnderstand the basics of eligibility for 2020 and 2021—and how they are differentKnow the two different ways your organization can qualify for the ERTCResources Mentioned in this Episode:Alabama Wildlife Federation WebsiteCOVID-19 Resource PageForm to Ask a Warren Averett Advisor for ERTC HelpAdditional Resources for Continued Learning:Blog Post and Infographic: Employee Retention Tax Credit (ERTC) [What Companies Should Know]Blog Post: Two Ways to Leverage the R&D Tax Credit in Light of the CARES ActTax Alert: New Stimulus Package Includes Several Tax Changes and Provisions

Episode 7:  Host Jim Ray interviews Alisha Harper BU Associate Professor of Accounting and Eric D. Scott (BU '06), Managing Director of Global Compliance & Reporting for EY (Ernst & Young LLP).  Today's episode has an accounting theme based on Now, Next & Beyond, which we borrowed from EY. Segment 1:  The Now (PPP and the Consolidated Appropriations Act “CAA”) The CARES Act brought us the PPP loans and the Employee Retention Tax Credit.  The Consolidated Appropriations Act provided additional PPP loans addressed deductibility issues related to those loans, in addition to an expansion of the Employee Retention Tax Credit.  Later, the American Rescue Plan Act of 2021 (“ARPA”) was launched.  Both small and large businesses took advantage of the PPP loans.  There were actually 3 major pieces of legislation passed in a relatively short period of time.  The rules were being written in real time and the rules for forgiveness were also forthcoming.  The question of expense deductibility regarding expenses covered with PPP loans was on the minds of many business owners. Congress was initially caught off guard by the deductibility question.  Luckily, the legislative process worked and the law was changed to allow for expense deductibility for the PPP-utilized funds, in addition to allowing the loan proceeds to remain forgivable. The Employee Retention Tax Credit was implemented to help employers keep people on payroll.  This is a payroll tax credit for 2020, which was extended via the CAA through mid-2021 and again via the ARPA for the remainder of 2021.  This is a refundable credit, which is fairly advantageous for businesses.  The rules for this credit were somewhat fluid, which made planning and implementation difficult. Segment 2:  The Next (Legislative Process and Biden Administration Proposals) The legislative process is messy.  Even if a bill passes and gets signed into law by the president, it's not over.  For instance, in 2017 the Tax Cuts and Jobs Act (TCJA) was enacted, but regulatory packages related to the Act are still being released.  The fluidity and messiness of the tax changes have been particularly confusing for accounting students.  Alisha was literally teaching students from the TCJA analysis, after its enactment, because the text books weren't current on this topic. How long will the current rules remain in place?  How will the legislative process alter what we “know” now?  Students are struggling to cope with the regulatory environment.  Eric commented that at times, the words in the statute and the regulatory packages are in conflict.  This only compounds the problem.  He offered an example about how he deals with it with EY staff, in the real world.  The best way to approach it is to read the wording of the statute, then go onto the regulations.  It's about building a foundation and deciding how it should be applied for a particular client.  It's not always black and white. The Biden Administration's Build Back Better plan is still being implemented.  There were many changes put forth during the campaign.  However, both Alisha and Eric agree that whatever tax policy changes end up being implemented, they won't happen quickly. One idea initially floated is to increase the corporate tax rate from 21% to 28%.  Additionally, there was talk of repealing the deductibility of advertising expenses for pharmaceutical companies.  The Global Intangible Low-Tax Income (“GULTI”) for foreign income is part of the TCJA and could also be impacted by the Biden administration changes.  In Episode 3 of the Bellarmine on Business podcast, Jim, Dr. Frank Raymond and Carl Hafele also spent a lot of time discussing what we thought might happen, based on the Biden campaign's talking points.  Segment 3:  The Importance of Modeling Modeling is basically the exercise of generating various scenarios and determining how the current environment impacts your business financials.  Modeling can help a company make better-informed decisions.  Change is constant.  Having a game plan to deal with that change is a good strategy.  There is some optionality to the tax code.  You may have elections, but the option you choose will have consequences.  If you later decide you want to change one or more of those elections, if it's even possible, it can be complicated (and expensive).  The Employee Retention Tax Credit (ERTC) is a benefit, but businesses must be careful how that credit is calculated when a PPP loan is involved.  It was important to run the numbers (e.g. model) the scenarios of how you might elect to use one or both of these relief measures.  It's possible that the business may have left money on the table if careful consideration was undertaken. The Business Interest Expense Limitation was an updated in the TCJA.  Initially, it imposed a limited on your interest expense by not allowing it to exceed a certain amount of your adjusted, taxable income.  It can limit the interest a business is allowed to deduct in a given year.  Because the 2020 pandemic negatively impacted many businesses, the provision was updated to allow businesses to elect to use the 2019 adjusted, taxable income (which might have been higher), thus allowing for the deductibility of more interest expense.  It's important to model the scenarios to understand what's best for your company's situation. Alisha discussed how an important way for her student to understand modeling is by analyzing a choice of entity decision.  They get the opportunity to see how tax rates and changes will apply to the various business entities.  Segment 4:  The Beyond The day to day role of accounting professionals is changing.  The modeling and advising capability makes them vital to the success of a company (small, medium or large.)  Businesses need to be nimble.  Being able to make informed decisions can be a competitive advantage.  The environment is going to remain very dynamic.  Scott recommends accounting students should work hard to get a foundation set and learn how to read the tax code.  This skill set will enable you to be able to build on that foundation.  You'll be equipped to be dynamic and equipped to deal with the changes that will inevitably come.  You'll be able to help your clients to plan for the beyond. Scott closed with a few comments on student loan forgiveness, based on the ARPA.  It provides that if student loan debt were to be forgiven (2021-2025), the forgiven student loan debt would be excludable from income.  This does not forgive student loan debt, but it does seem to lay the groundwork for potential forgiveness of the debt.  Normally, if loan debt is forgiven, it's counted as gross income. If you'd like to contact Eric Scott, his office phone number is (502) 585-6554.  The company website is EY.com.  His office address is: Ernst & Young LLP Suite 1200 400 West Market St. Louisville, KY 40202 To contact Alisha Harper, her office phone number is (502) 272-8471 and you can learn more about her at:  https://www.bellarmine.edu/rubel-school-of-business/faculty/   Disclaimers: The views and opinions expressed during the Bellarmine on Business podcast do not necessarily reflect those of Bellarmine University, its administration or the faculty at large.  The episodes are designed to be insightful, thought-provoking and entertaining. This discussion is not intended, and should not be relied upon, as tax, accounting, or legal advice. Ernst & Young LLP expressly disclaims any liability in connection with the use of this discussion or its contents by any third party.  The views expressed by the speakers are not necessarily those of Ernst & Young LLP or other members of the global EY organization.   THE MONTHLY FORECAST: Upcoming Events 4/12/21 – The Knights Golf Day at Woodhaven Country Club.  This will be a golf scramble.  Click here for more information and to register for the event. 4/15/21 – Dean's Executive Speaker Series – KY State Treasurer Allison Ball.  Join us for a presentation from our second-term Treasurer.  She'll discuss her experience as a child entrepreneur and the valuable lessons that experience taught her for her future career.  Click here to register for this event.  Bellarmine Career Development Service – This service is open to both Bellarmine students and alumni.  Is it time to make a change?  Click here to contact learn how Bellarmine can help.   Want to Listen to Additional Episodes? You can find additional episodes on the Rubel School of Business Podcast page of the Bellarmine website, various Bellarmine social media pages, Apple Podcasts, Google Podcasts, Spotify, Amazon Music, Audible, Libsyn, Podchaser and many other podcast directories.  We encourage you to subscribe to our podcast so you don't miss an episode. Interested in Developing a Podcast for Your Business or Organization? This podcast was produced by Jim Ray Consulting Services.  Jim Ray, host of the Bellarmine on Business podcast, can help you with the concept development, implementation, production and distribution of your own podcast.  For more information, visit:  https://jimrayconsultingservices.com/podcastproduction.

Josh Jalinski, The Financial Quarterback is joined by “America's CPA," JJ The CPA, National Speaker, YouTuber, Practicing CPA, and author of JJ THE CPA HERE Cracking the CPA Code. JJ THE CPA has over 27 years of public accounting experience bringing daily videos & value to his over 43,000 subscribers on YouTube where he has amassed more than 3,500,000 views. JJ founded his own CPA firm at age 25, and still serves & advises his private clients daily. JJ also manages his life & disability income insurance practice, Jenson Insurance. In this segment, JJ The CCPA tells us all about the Employee Retention Tax Credit (ERTC) and Josh wants to know if he should get it for his business. Find out if Josh is eligible. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

It wasn't available to you. Now, it might be. This was the amount. Now, the amount is different for a different year. Here's the eligibility criteria. Now, here's some new criteria too. What sounds like a befuddling riddle is actually a description of The Employee Retention Tax Credit (ERTC). It's changed a lot in the […] The post DECODING THE ERTC [A STORY OF THE EMPLOYEE RETENTION TAX CREDIT] appeared first on Business RadioX ®.