Just a few quick updates about the 2021 Employee Retention Credit (ERC): 2021 Quarter 4 ERC may be eliminated: The infrastructure bill passed by the Senate today includes a repeal of ERC for the 4th Quarter (Oct-Dec 2021). There are scenarios where the bill doesn’t go into law or the ERC section is amended, but for now, don’t count on getting ERC in Quarter 4 (and you won’t know for sure until late fall most likely).
Hi Andrew, Can you point me to the supporting document that discusses eligibility for a quarter based on the preceding quarter's gross receipts? I was talking to an "expert" at my payroll company about it and they had not heard of this. I'd like to point her in the right direction. Thank you.
Hi Andrew, Can you point me to the supporting document that discusses eligibility for a quarter based on the preceding quarter's gross receipts? I was talking to an "expert" at my payroll company about it and they had not heard of this. I'd like to point her in the right direction. Thank you.
Any updates on ERC now that we are in October?