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Rodino & Associates, Inc.'s Blog – August 2023 Archive (2)
Have you been Misinformed about the ERC program? Let's make sure!
The Employee Retention Credit (ERC) is a U.S. federal tax credit that was available to certain employers, most recently during The COVID-19 Pandemic. It was originally designed to help employers who were not eligible for a Paycheck Protection Program (PPP) loan, but it was later amended so employers who received Paycheck Protection Program loan forgiveness were often still eligible for the Employee Retention Credit. Although it ended on December 31, 2021,…
ContinueAdded by Rodino & Associates, Inc. on August 30, 2023 at 9:58am — No Comments
What is a 941-X?
A 941X refers to a tax form used in the United States by employers to correct errors on previously filed Form 941, which is the Employer's Quarterly Federal Tax Return. If a mistake is made on the original Form 941, the employer can use Form 941-X to amend and rectify those errors. This form is crucial for ensuring accurate tax reporting and…
ContinueAdded by Rodino & Associates, Inc. on August 22, 2023 at 3:15pm — No Comments
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