employee retention tax credit

Roger and Annie discuss updates on the employee retention tax credit, including the IRS's new moratorium on processing claims, as well as new requirements for reporting beneficial owners coming in 2023 which have tight 30-day reporting deadlines. They also cover the IRS's changing audit focus to target more complex returns like partnerships and high net-worth individuals, along with the IRS actively hiring for these new audit priorities.

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Annie Schwab

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• (00:00) - Federal Tax Updates Ep 17
• (02:47) - Employee Retention Credit Refresher
• (04:40) - ERC Fraud Concerns
• (12:21) - ERC Moratorium
• (25:13) - Amending Returns for ERC
• (31:29) - Beneficial Owner Reporting
• (46:18) - E-file Mandate for Informational Returns
• (49:25) - IRS Hiring
• (54:12) - Wrap Up and Remember To Subscribe

Now that you better understand the ERC, what kind of provider should you use to calculate and submit your claim? Luke and Andrew discuss three main types of providers and the pros and cons of each.

This episode will help you understand exactly which documents are needed to accurately calculate and file your ERC claim.

Where did Hundredfold come from and how are we different from other providers? In this episode, we take a break from the ins and outs of the ERC and take a deep dive on the Hundredfold story.

In this episode, Andrew and Luke discuss the calculations, filing process, and tax implications of receiving the ERC.

This episode will help you understand which quarters are eligible for qualification and the two ways a business or organization can qualify for the ERC.

In this episode, we explain the differences between the Paycheck Protection Program (PPP) and the ERC. We also address the age-old question, "Does receiving PPP disqualify me from the ERC?"

Let’s discuss the most important details of the CARES Act to better understand why the ERC was implemented in the first place.

Today, we hear from Josh Lance, CPA from Lance CPA group. Lance CPA Group is a virtual certified public accounting firm built to help small business owners and entrepreneurs grow and manage their businesses.

In this round two of our conversation we talk about the employee retention tax credit (ERTC). A huge deal for craft breweries. Josh breaks down the rules, the details, and exactly what you need to know about this program right now.

We also talk about how to use advanced financial forecasting models. Tools that can be quick and easy to update during these uncertain times. 

Resources
Learn more about Lance CPA Group (and the ERTC)
Read the Lance CPA Group blog on the ERTC

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