Skip to main content
Category

Bookkeeping

Bookkeeping

Treasury, IRS provide additional guidance to employers claiming the employee retention credit, including for the third and fourth quarters of 2021 Internal Revenue Service

Qualifying  companies and  customers that  obtained a Paycheck Protection Program loan  might claim  approximately 50% of qualified  earnings, including  qualified  medical insurance expenses. The Consolidated Appropriations Act (CAA)  increased the ERC. Employers that qualified in 2021 can claim a credit of 70% in qualified  earnings. ERC is a stimulus program developed to help those businesses that had…
admin
June 24, 2021