Posts Tagged ‘Employee Retention Credit’
Employee Retention Credit: Are U.S.-based Subsidiaries of International Companies Eligible?
At a glance: Contact Aprio to find out if you qualify. The full story: At the end of 2020, the Consolidated Appropriations Act introduced several changes to the Employee Retention Credit (ERC), making many new businesses eligible to reap the benefits of the program. And if your business is a U.S.-based subsidiary of an international company, you…
Read MoreHow Mixing Family and Business Could Impact Your ERC
At a glance: Don’t risk miscalculating your ERC and facing potential penalties. Contact Aprio’s ERC team to determine whether family attribution rules apply to your business. The full story: Calculating your company’s Employee Retention Credit (ERC) is no easy feat, especially once you factor in how your company’s ownership structure might impact your qualified wages. As…
Read MoreWhat COVID Relief Options Are Still Available to U.S. and U.K. Businesses?
At a glance: The Main Takeaway: The U.S. and U.K. governments have started to phase out and put end dates on popular economic relief programs for businesses, due to increasing vaccination rates. Impact on Your Business: Though deadlines have been extended, funding for some programs is minimal, so it’s important to apply now and take…
Read MoreRecovery Startup Business ERC: ERC Update Expands Eligibility to New Startups
At a glance: Don’t miss out on this new opportunity to claim the ERC. Contact Aprio’s ERC team to see if you qualify under the new eligibility criteria. The full story: If you started a company in 2020 and thought you were ineligible for the Employee Retention Credit (“ERC”), we have good news. The American Rescue…
Read MoreClaiming the ERC? You Might be Able to Cash In Sooner Than You Planned
30 Second Summary Contact Aprio’s ERC team to determine if filing Form 7200 is right for you. The full story on the ERC advance: Did you know you can receive advance payments for the Employee Retention Credit (“ERC”)? Filing Form 7200allows businesses to request advance payments from the IRS before the close of a quarter. This can…
Read MoreHow to Maximize your ERC and R&D Credit Values
At a glance: Don’t undermine your business’s potential benefits or risk non-compliance by failing to strategize your tax credit approach. Aprio can help you create a holistic tax credit strategy that’s always aligned with the latest official guidance. The full story: With potential credit values of up to $33,000 per employee across 2020 and 2021, the…
Read MoreWebinar: How to Benefit From the New COVID Relief Package
The American Rescue Plan Act of 2021 provides additional relief to address the continued impact of COVID-19 on the economy. Watch the webinar hosted by Aprio and the Belgian American Chamber of the South, to gain a better understanding of the significant tax provisions available to both individuals and businesses, plus ways you can leverage…
Read MoreFAQs: Applying for the Restaurant Revitalization Fund Grant
At a Glance: On April 17, the U.S. Small Business Administration (SBA) released its landing page about the Restaurant Revitalization Fund (RRF) grants, serving as a comprehensive guide to the program. The SBA has also released a sample RRF grant application. The application portal could be open as soon as May 1, 2021. On April…
Read MoreHere’s an Easier Way to Understand Your ERC Eligibility
At a Glance: THE MAIN TAKEAWAY: The Consolidated Appropriations Act provided millions more businesses the opportunity to be eligible for the Employee Retention Credit (ERC). IMPACT ON YOUR BUSINESS: Sifting through the complex jargon can be difficult, especially if there are significant changes that have happened in your business due to the pandemic. NEXT STEPS:…
Read MorePortfolio Companies: Are You Eligible for the ERC?
30 Second Summary: Portfolio Companies and the ERC: While a controlled group relationship is generally unlikely between a private equity firm and its portfolio companies, special controlled group rules may apply when claiming the ERC in some scenarios. Impact On Your Business: Controlled group rules applicable to the ERC can play a significant role in employer eligibility…
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