Employee Retention Credit FAQs
The Employee Retention Credit (“ERC”) continues to provide many employers with significant refundable payroll tax credits for qualified wages paid to employees in 2020 and 2021.
IRS Child Tax Credit Letter: What You Need to Know
Taxpayers who received advance payments of the Child Tax Credit will receive a Letter 6419. According to the IRS website, Letter 6419 will include important details, such as the total amount of [...]
Understanding the 2021 Advance Child Tax Credit Payments
The 2021 Advance Child Tax Credit Payments have garnered a lot of attention (and questions) over the last several weeks.
What is the Employee Retention Credit?
The Employee Retention Credit (ERC) is a CARES Act relief program that allows for a refundable federal tax credit against payroll taxes. It is designed to help businesses, including tax exempt [...]
Tax Highlights of the American Rescue Plan Act, H.R. 1319
The American Rescue Plan Act, H.R. 1319, a $1.9 trillion COVID-19 relief bill, was passed by Congress on March 10, 2021 and signed by President Biden on March 11, 2021.
NH Businesses May Qualify for the CDFA Tax Credit Program
Today's current (and often uncertain) times have prompted so many of us here in New Hampshire to adjust our business practices and seek out ways to do more with less. One way to help minimize [...]
