Employee Retention Credits (ERC) Tax Credits Defined
Employee Retention Credit (ERC) Tax Credits are tax breaks provided by the United States government to eligible employers who kept their employees during the COVID-19 pandemic. The ERC is a Coronavirus Aid, Relief, and Economic Security (CARES) Act component. It has been extended by subsequent legislation, such as the Consolidated Appropriations Act of 2021 and the American Rescue Plan Act of 2021.
Getting Equipment Financing for Your Startup
Starting a business is an exciting journey but often comes with significant financial challenges. One of the most common hurdles is acquiring the necessary equipment to get your business off the ground. Fortunately, there’s good news for startups: equipment financing and leasing options are often up to $50,000 for those with decent credit scores.
Accelerate Your ERC Funds: Get Up to 70% Sooner with an ERC Purchase Agreement
For businesses eagerly awaiting their Employee Retention Credit (ERC) funds from the IRS, the waiting period can be frustrating and impact financial stability. However, there’s a solution that can help expedite the process and provide access to up to 70% of your ERC funds sooner: an ERC Purchase Agreement. This blog post will explore the benefits of utilizing an ERC Purchase Agreement and how it can alleviate the challenges of waiting for your funds.
How to Qualify for Employee Retention Credits According to the IRS in 2023
As businesses continue to navigate the economic impact of the COVID-19 pandemic, it is crucial to explore available government assistance programs such as the Employee Retention Credit (ERC). The ERC provides tax credits to eligible employers who have retained employees during these challenging times. To ensure you can take advantage of this valuable tax benefit, it is essential to understand the qualification criteria outlined by the IRS in 2023.
