by Ricki Purdy | Mar 3, 2023 | Blog
A 1031 exchange is a type of tax-deferred exchange under section 1031 of the Internal Revenue Code. It allows a taxpayer to defer paying taxes on the sale of an investment property if they reinvest the proceeds into a similar “like-kind” property. In other...
by Ricki Purdy | Feb 9, 2023 | Blog
Employee retention credits (ERC) are a form of tax credit that employers can claim to offset the cost of keeping their employees on the payroll during difficult times. The ERC was introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in...
by Ricki Purdy | Jan 11, 2023 | Blog
The Employee Retention Credit (ERC) is a tax credit that was introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in 2020. Since then, it has been extended and expanded to help businesses impacted by the COVID-19 pandemic. However, some...
by Ricki Purdy | Dec 8, 2022 | Blog
To file for the Employee Retention Credit (ERC), eligible businesses must complete and submit the appropriate forms to the Internal Revenue Service (IRS). Here are the steps involved in the process: Determine eligibility: The first step is to determine if your...
by Ricki Purdy | Nov 4, 2022 | Blog
To qualify for the Employee Retention Credit (ERC), there are several requirements that a business must meet. Here are the main criteria: Gross receipts declined by more than: 50% when comparing 2020 to 2019 20% when comparing 2021 to 2019 Additionally, there are...
