IRS Issues Guidance on Claiming the Employee Retention Credit (ERC)
IRS Guidance on the Employee Retention Credit
Provides guidance on the employee retention credit available under section 3134 of the Internal Revenue Code (Code), enacted by section 9651 of the American Rescue Plan Act of 2021 (the ARP), Pub. L. No. 117-2, 135 Stat. 4 (March 11, 2021), which provides a credit for wages paid after June 30, 2021, and before January 1, 2022. To read more click here.
Claiming the ERC for Third and Fourth Quarters of 2021
Check out this recent article from the Journal of Accountancy here for Guidance on claiming the ERC for third and fourth quarters of 2021.