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ERTC: What you need to know
Posted In: ERTC, Federal Legislation, Tax + Accounting,
Date posted Nov 1

Employee Retention Tax Credit The employee retention tax credit (ERTC) for employers subject to closure due to coronavirus. The provision provides a...

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IRS Confirms Tips are Eligible Wages for ERTC
Posted In: ERTC, Federal Legislation, Legal + Regulatory, Tax + Accounting,
Date posted Aug 6

Source: Aaron Frazier, National Restaurant Association IRS Confirms Tips are Eligible Wages for ERTC In positive news for restaurants accessing...

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SBA Announces Opening Of Paycheck Protection Program Direct Forgiveness Portal
Posted In: CARES Act, Grants + Support Programs, PPP, Tax + Accounting,
Date posted Jul 28

SBA Announces Opening of Paycheck Protection Program Direct Forgiveness Portal New portal will streamline applications for loans $150K...

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Take a tax break for hiring the unemployed
Posted In: American Rescue Plan, ERTC, Federal Legislation, Tax + Accounting,
Date posted Jul 14

The Work Opportunity Tax Credit can help offset your hiring costs

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ERTC for small business expanded to include all of 2021
Posted In: American Rescue Plan, ERTC, Federal Legislation, Tax + Accounting,
Date posted May 3

The American Rescue Plan Act extends the Employee Retention Tax Credit to Dec. 31. While there hasn’t been a lot of good news for restaurants...

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Common Misconceptions Surrounding the Employee Retention Tax Credit
Posted In: ERTC,
Date posted Apr 23

Over the past few weeks, our tax team has fielded many questions related to the Employee Retention Credit (ERC). We wanted to provide our clients...

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IRS provides guidance for employers claiming the ERC for first two quarters of 2021
Posted In: ERTC,
Date posted Apr 2

IRS provides guidance for employers claiming the Employee Retention Credit for first two quarters of 2021 WASHINGTON – The Internal Revenue...

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Alert: IRS Releases Guidance on the Employee Retention Credit for PPP Borrowers
Posted In: ERTC, Tax + Accounting,
Date posted Mar 12

March 12, 2021 | Blog, COVID-19 Strategy Hub | Bert Mills, CPA; Andy Starnes, CPA; and Chris Arnone, CPA Disclaimer: This...

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SBA Clarifies Need Assessment for Second Draw PPP Loans and New Rules for Schedule C Filers
Posted In: PPP,
Date posted Mar 5

On March 3, 2021, the Small Business Administration (SBA) released new FAQs related to the Paycheck Protection Program (PPP) which incorporate the...

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IRS Issues 2020 Guidance for Employee Retention Tax Credit
Posted In: ERTC, Federal Legislation, Tax + Accounting,
Date posted Mar 2

Sources: Aaron Frazier (Director of Healthcare and Tax Policy, National Restaurant Association); Internal Revenue Service (IRS) The Internal...

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New tax credit rule can gain you up to $19K per restaurant employee
Posted In: ERTC, Federal Legislation, Tax + Accounting,
Date posted Feb 23

Stan Harris, LRA president and CEO, weighs in on the tax law changes that could provide restaurants with big credits. The Taxpayer...

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President Joe Biden opens up PPP loan period just for businesses with fewer than 20 employees
Posted In: Federal Legislation, PPP,
Date posted Feb 22

FACT SHEET: Biden-Harris Administration Increases Lending to Small Businesses in Need, Announces Changes to PPP to Further Promote Equitable Access...

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