Take Expert Tax Guidance on the Employee Retention Credit (ERC)
Let's talk about the Employee Retention Credit (ERC) in a way that makes sense for regular folks like you and me. The ERC isn't some fancy government jargon; it's more like a friendly hand helping businesses stay afloat during the rocky ride of the COVID-19 pandemic. It's like a buddy you can rely on when times get tough. So, in this article, we're going to break down the ERC in plain terms and explain why having an ERC tax service expert is like having a trusty co-pilot in this adventure. Who's Eligible? Imagine you're a business owner wondering if you can grab the ERC lifeline. It's like determining if you qualify for a discount at your favorite store. Here's the deal: To be eligible, you must have felt the pain of a big drop in your revenue, or you should've had to shut down partially or completely because of those pesky government orders. This drop in revenue should be quite noticeable - at least 50% less in any quarter of 2020 or 2021 comp