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Unpacking the Tax Credit Hype: Which Employers Qualify for the Employee Retention Credit?

CTP

Normally, our instinct would be to say that of course a tax-exempt organization would not be eligible for a tax credit. However, the ERC is a credit against payroll taxes, and tax exempt organizations still pay payroll taxes. So these organizations could receive up to $26,000 per employee in refunds.

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New Tax Year changes 2025/26

Accounting Insight

With the new tax year on the horizon, it’s essential for businesses to stay up to date with any changes that may impact payroll, tax contributions, and financial planning. Capital Gains Tax for Business Asset Disposal Relief will increase from 10% to 14%. Full new State Pension will rise to 230.25 Sources: GOV.uk

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