by Miami CFO | May 26, 2023 | Blog
The Paycheck Protection Program (PPP) and the Employee Retention Credit (ERC) were both created in response to the COVID-19 pandemic. Both programs were designed to help businesses stay afloat during the economic downturn caused by the pandemic. While the PPP provided...
by Miami CFO | Apr 28, 2023 | Blog
Every year, the Internal Revenue Service (IRS) releases a list of the top tax scams. Known as the “IRS Dirty Dozen,” this list serves as a warning to taxpayers about the most common and egregious tax-related schemes being used to defraud them. Beward of...
by Miami CFO | Mar 31, 2023 | Blog
As a component of the CARES Act, the Employee Retention Credit (ERC) was established to provide businesses with a refundable tax credit, encouraging them to retain employees throughout the pandemic. This credit can be significant, and employers with a large workforce...
by Miami CFO | Mar 13, 2023 | Blog
The Employee Retention Credit (ERC) was a crucial support system for numerous businesses during the pandemic. It promised a much-needed financial lifeline to struggling companies as they navigated uncertain times. ERC was designed to encourage businesses to keep...
by Miami CFO | Feb 24, 2023 | Blog
The Employee Retention Credit (ERC) program was part of the initial COVID-19 relief bill of March 2020 to offer financial relief to businesses impacted by the pandemic. The program has been a lifesaver for American companies across virtually all...
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