New guidance is available for employers on the retroactive termination of the Employee Retention Credit.…

Read more about New Guidance for the Employee Retention Credit

As more employers utilize the employee retention credit to keep their workers employed—and as the pandemic continues to be a factor in American business—the Internal Revenue Service continues to issue guidance on who qualifies for the credit and how best to apply it.…

Read more about Employee Retention Credit Gets More Guidance

A new safe harbor unveiled by the Internal Revenue Service and the Treasury Department lets employers exclude some items from their gross receipts when figuring if they are eligible for the Employee Retention Credit, or ERC.…

Read more about Gross Receipts Safe Harbor Now Available for Employee Retention Credit

New guidance from the Internal Revenue Service aims to help employers better understand the employee retention credit—and how they can qualify for it.…

Read more about New Guidance Aimed at Employers Claiming Employee Retention Credit

Drake Software for the third year in a row surveyed tax professionals about their experience during filing season. More than 3,000 respondents completed the survey, a group comprised of attorneys, CPAs, EAs, and non-credentialed preparers.…

Read more about Drake Software How Did Your 2021 Filing Season Go? Infographic

The Internal Revenue Service has issued guidance aimed at employers who claim the employee retention credit (ERC).…

Read more about IRS Has Tips for Claiming ERC in 2021

The sweeping American Rescue Plan Act of 2021 may have greenlit the third round of economic impact payments, but it also includes changes to several tax credits—many of which were designed to provide relief to struggling Americans whose finances took a hit during the pandemic. One of those affected tax credits helps both employees and businesses: the employee retention credit, or ERC.…

Read more about Employee Retention Credit Updated by the American Rescue Plan

Congress bookended 2020 with two taxpayer relief packages aimed at mitigating the financial strain caused by the ongoing coronavirus pandemic.…

Read more about The Employee Retention Credit Covered in New IRS Notice

The pandemic has affected everything in American life, even National Small Business Week. This year, the Internal Revenue Service spent all three days of the event highlighting online resources that can help small businesses dealing with coronavirus-related difficulties.…

Read more about IRS Spotlights Online Tax Resources for Small Business Week

The Internal Revenue Service is reminding employers who have been impacted by the Coronavirus pandemic that three new credits are available for them.…

Read more about New Credits Available for Businesses Hit by COVID-19