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During the COVID-19 pandemic, the real estate industry received numerous economic help thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Updates to this law and real estate-friendly laws incorporated in the 2017 Tax Cuts and Jobs Act were recently disclosed by the IRS (TCJA). These changes are helpful for managers, owners, and [...]

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During the pandemic, there was a big impact on the retail industry. Government orders forced the closure of certain brick-and-mortar businesses, which later reopened with capacity restrictions—or under other constraints. However, the retail industry is still able to use the ERC to get cash relief. Additionally, unlike PPP loans, the ERC has no eligibility requirements [...]

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The Employee Retention Credit may be available to eligible employers who paid appropriate salaries throughout the COVID-19 pandemic. With the implementation of the CARES Act, the ERC grants qualified smaller companies that paid employees qualified wages after March 12, 2020, but before January 1, 2021, a completely refundable tax credit. We can assist you in [...]

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Trades or businesses that sustained a considerable drop in gross receipts during the pandemic or whose operations were fully or partially halted due to governmental orders are eligible for the ERC. For the years 2020 and 2021, there are different requirements for ERC. ERC Qualifications for 2020 Employers can apply for the ERC for the [...]

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During the COVID-19 pandemic, small businesses were able to claim the refundable tax benefit known as the Employee Retention Credit. It offered some relief to struggling companies that continued to pay staff despite being forced to halt operations or have their gross receipts impacted by government pandemic restrictions from March 13, 2020, to December 31, [...]

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