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But Who's Counting?
You're focused on making important decisions to take your company to the next level, but who's counting? We are. Counting on trends and insight to move your business forward, operationally and strategically. Focused on helping executives achieve their highest potential, But Who's Counting is a podcast shedding light on and breaking down critical issues and opportunities for businesses in our rapidly changing economy. Brought to you by Anders CPAs + Advisors.
But Who's Counting?
There's Still Time to Claim ERTC - But Should You?
Considering applying for the Employee Retention Tax Credit (ERTC)? Businesses looking to recoup tax savings thanks to extended ERTC rules should be cautious of gray areas in IRS guidance and offers too good to be true. Businesses who previously passed on the CARES Act program may be tempted to give ERTC a second glance, but there are important stipulations that must be met to avoid a costly investigation from the IRS later.
But Who’s Counting? host David E. Hartley discussed the ins and outs of the ERTC with Anders Principal + Tax Sean McKenzie in addition to the following:
· What qualifications a business must meet to apply for an ERTC
· How a business can use both PPP and ERTC, with some important exceptions
· How you can recoup tax savings from 2020 and 2021 by amending past tax filings.
· What businesses who only experienced a partial shutdown during the coronavirus pandemic should watch out for
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