Maximizing Your R&D Credit as an ERC Recovery Startup Business

Conference room meeting with large nest wall art and orange chairs

At a glance The main takeaway: ERC recovery startup businesses aren’t excluded from claiming the R&D Tax Credit, but strict rules prevent companies from receiving double benefits. Impact on your startup: The right strategy could help you maximize both credits and increase cash flow by reducing your payroll tax liability through fully refundable credits. Next…

Read More

Three Ways a Change in Ownership can Impact ERC Value

At a glance The main takeaway: Companies involved in an acquisition or disposition during 2020 or 2021 have additional considerations for determining eligibility. Impact on your business: Any acquisition could impact your gross receipts analysis and your eligibility for the ERC. Next steps: Contact Aprio to assess your ERC eligibility and understand the impact any…

Read More

The Next Hurdle in your ERC Claim: Financial Reporting

At a glance: The main takeaway: Industry experts have recommended using the loss recovery model in response to widespread confusion about reporting the ERC in financial statements. Impact on your business: The loss recovery model means you can report ERC claims sooner and avoids any need to amend previous financial statements, but you must be certain in…

Read More

How to Attract and Retain Talented Employees with a Top Benefits Package

At a glance: Competition is hot: The labor market is more competitive than ever, as more employees leave their current positions to seek higher-paying, growth-focused opportunities. Stand out in the market: Employers can separate themselves from the crowd and attract the best employees by leveling up their employee benefits packages and perks. Get an expert’s perspective: Partner with…

Read More

Will Your ERC Hold Up to an Audit?

At a glance: Risky business: The ERC is an inherently risky tax credit that will lead to a high volume of audits over the next five years. Be on the defensive: The best defense against a future audit is to prepare thorough documentation now. Take action: Businesses should decide before a potential audit how to document and defend their ERC…

Read More

Get Your Top ERC Tax Questions Answered

At a glance The main takeaway: The IRS has released tax guidance regarding the Employee Retention Credit, creating confusion for business owners. Impact on your business: The general rule that an employer’s deduction for qualified wages is reduced by the amount of the employee retention credit — even though the credit won’t be received by employers until…

Read More

Do Owners’ Wages Qualify for the ERC?

At a glance: New ERC guidance: In a Notice released August 4, 2021, pertaining to the ERC, the IRS issued new guidance that will effectively disqualify most wages paid to majority business owners and their spouses. Impact on your business: Any business owners with more than 50% interest in the business and a living relative may need…

Read More

Employee Retention Credit: Are U.S.-based Subsidiaries of International Companies Eligible?

People talking in front of building

At a glance: The main takeaway: With changes passed under the Consolidated Appropriations Act, more businesses are eligible for the Employee Retention Credit, potentially those that are U.S.-based subsidiaries of international companies. Impact on your business: To assess your eligibility, you need to have a solid understanding of the controlled group rules, which can help you identify…

Read More

How Mixing Family and Business Could Impact Your ERC

At a glance: Family attribution rules and the ERC: If your business has any shareholders that are also family members, family attribution rules mean your company may be part of a controlled group. Impact on your business: Being part of a controlled group doesn’t disqualify you from claiming the ERC, but it could impact your credit value.…

Read More