The federal government has told tens of thousands of small businesses that it is time to stop – If your business has been claiming the Employee Retention Tax Credit (ERTC) for wages paid this year, the much-needed relief is over. The infrastructure bill ends the ERTC for wages paid after September 30, 2021—which is one ...
With the passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES) in March of 2020, the main focus for business financial relief centered on the Payroll Protection Program. The goal of the program was to get money quickly to small businesses financially impacted by COVID-19, especially during the Spring 2020 government-mandated business closures. ...
The Work Opportunity Tax Credit (WOTC) can help employers close the skills gap by encouraging them to hire applicants who often are overlooked, such as people with criminal histories, military veterans and the long-term unemployed. Here’s what employers should know about participating in the program. Target Groups The program was designed to encourage employers to hire workers ...
