Navigating Future Tax Implications with Confidence: Clear ERC’s Comprehensive Solution

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As businesses explore the potential benefits of the Employee Retention Credit (ERC), it’s not uncommon for concerns about future tax implications to arise. The fear of audits or unexpected tax consequences can lead to reservations about pursuing the credit. However, it’s essential to understand that with the right partner, these concerns can be effectively addressed, […]

4 Scenarios of a government default on the ERC Tax Benefit

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As businesses continue to rely on the Employee Retention Credit (ERC) to support their daily operations and navigate through uncertain times, concerns arise about the future of this tax benefit in the event of a government default. While the outcome is uncertain, it’s essential to explore possible scenarios and understand the potential implications for businesses. […]

Why ClearERC is the Best Option for Your ERC Application

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ERC Many small and medium business owners are eligible for the Employee Retention Credit (ERC), a valuable tax credit meant to encourage businesses to retain employees during the COVID-19 pandemic. ERC can save businesses thousands of dollars, but many business owners are confused about how to apply for it. They often turn to their accountants […]

Typical ERC Timelines

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How long can the ERC process take? The length of the ERC process depends on multiple factors, such as the complexity of your business’s payroll records and whether you have already filed your tax returns for the applicable quarters. In general, it’s safe to assume that the ERC application process can take several weeks to […]

An introduction to ERC

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What is ERC? The Employee Retention Credit, or ERC, is a tax credit designed to incentivize employers to keep employees on their payroll, rather than laying them off or furloughing them due to unforeseeable circumstances such as the COVID-19 pandemic. The credit was created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act in […]