Description: Economic Recovery Center - ERC - Helping Small Businesses with Government Incentives. The CARES Act provides tax credits via the ERTC and other governmental tax rebates and tax credit programs. American Rescue Plan, the Treasury Department manages over $1 trillion in American Rescue Plan programs and tax credits. Economic Impact Payments from the Treasury Department, the Office of Fiscal Service, and the Internal Revenue Service (IRS) provided three rounds of fast and direct relief payments during the vario
economic recovery center (1) ertc (1) erc attorneys (1) employment retention tax credit (1) erc (1) 941 tax credit (1) 1099 tax credit (1) sole proprietor (1)
"COVID-19 did more than make us sick, it fundamentally changed the way we live, work - our way of life as we knew it. The hardships have hit individuals and businesses alike - it is being called 'the new normal'."
As the detrimental effects and sanctions from the pandemic slowly subside, additional measures are being implemented to ensure American businesses of all sizes and types an opportunity to change their economic climate for the better.
In 2020, the C.A.R.E.S. Act was passed with the intent to put money - taxpayer money - back into the hands of Americans through multiple programs. One of the largest governmental assistance programs ever launched is STILL OPEN - the 'Employee Retention Tax Credit' (ERTC) . This program provides BUSINESS OWNERS a TAX CREDIT based on W2 taxes they paid on the employees kept during the pandemic.