The Employee Retention Credit (ERC), which is also known as the ERC credit or the ERC tax credit, has proven to be one of the most lucrative incentives that are currently available to aerospace companies; however, many aerospace companies are unaware of the potential cash benefit they could receive from this credit. As a result…
During the pandemic caused by the coronavirus, employers who are attempting to keep their payroll and liquidity stable have access to a variety of relief options thanks to the CARES Act. For instance, the CARES Act allows for loans to be forgiven for up to eight weeks’ worth of an employer’s eligible payroll expenses, provided…
At this point in the year, it is time for us to do the annual evaluation of the provisions of the tax law that are about to expire or be scheduled in the next few days. An eclectic group of temporary tax policies are getting close to the dates on which they are set to…
During the pandemic caused by the coronavirus, employers that are attempting to keep their payroll and liquidity stable have access to a variety of relief alternatives according to the CARES Act. For instance, the CARES Act allows for debts to be forgiven for up to eight weeks’ worth of a company’s qualifying payroll expenditures, provided…
The Government Accountability Office (GAO) has released a new report that emphasizes the ways in which federal policymakers and the White House should improve upon the federal response to the economic slump and the coronavirus epidemic. As part of this report, the GAO analyzed how the relief measures for businesses and people have operated until…
Employers that were eligible and paid qualified wages, as well as qualified health plan expenditures, were eligible for a refundable employment tax credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act. This tax credit was made available to any employer whose business activities were either completely or partially halted as a result…
