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07-26-2021, 07:16 PM | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1458491
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Small Business People, have you heard of this?
I'm not familiar with it, but it seems like it's pretty notable. Anyone doing this or done it? It's the Employee Retention Tax Credit (ERTC), which seems to be covid-related.
https://www.shrm.org/resourcesandtoo...ax-credit.aspx |
Posts: 143,131
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07-26-2021, 08:01 PM | #2 |
MVP
Join Date: Oct 2011
Location: Michigan
Casino cash: $326403
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Familiar with it but we didn't meet the eligibility criteria. I'd imagine a lot of employers should though.
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Posts: 12,761
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07-26-2021, 08:59 PM | #3 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1458491
VARSITY
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I'd never heard of it and just happened to see an article. My company got pummeled for a couple of quarters, so this might be a really nice thing for us.
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Active fan of the greatest team in NFL history. |
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07-27-2021, 07:54 AM | #4 |
Dirty Bit
Join Date: Jan 2006
Location: Lake of the Woods
Casino cash: $2546002
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I've prepared a lot of ERTC claims for clients. It's a very valuable credit to those who qualify, especially if they did not get in on PPP. Even if they did, it's still turned out to be a nice credit in some cases.
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Posts: 6,872
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07-27-2021, 08:09 AM | #5 |
Veteran
Join Date: Jan 2017
Location: Orlando, FL
Casino cash: $1560400
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The company I worked for filed and is getting a sizable credit....and we advise our clients on this as well....
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Posts: 3,231
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07-27-2021, 08:09 AM | #6 |
Veteran
Join Date: Jan 2017
Location: Orlando, FL
Casino cash: $1560400
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07-27-2021, 08:53 AM | #7 |
Colorado Chief Fan
Join Date: Feb 2006
Casino cash: $6053147
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07-27-2021, 09:36 AM | #8 |
In Search of a Life
Join Date: Dec 2005
Casino cash: $237391
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Had not heard of this one - but it looks like we aren't eligible. Hope people take advantage of it.
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Posts: 31,259
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07-27-2021, 09:37 AM | #9 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $454734
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I’ll look at it during tax season.
But I probably am ineligible. |
Posts: 58,014
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07-27-2021, 10:27 AM | #10 |
Veteran
Join Date: Jul 2002
Location: Here
Casino cash: $-137525
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I own a small people’s business. Stepladders, stools, booster seats, those sorts of things. It’s up and coming, but dwarfs in comparison to the big box stores.
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07-27-2021, 09:00 PM | #11 |
MVP
Join Date: Oct 2011
Location: Michigan
Casino cash: $326403
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Posts: 12,761
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