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

CTP

Swarms of “ERC mills” have been making grand promises to taxpayers—but they provide very few details on how to ensure you actually qualify for this lucrative tax credit. So what do employers need to know about this tax credit? Tax-Exempt Organizations. What if your organization is tax-exempt?

Tax 52
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Section 174 and R&E – Uncertainty and Questions

CTP

The implications of recent changes to section 174 and no movement from Congress have left many business owners unsure of how to move forward with R&E (Research & Experimentation) expenses for the 2022 tax year and beyond. It waives the requirement for businesses to fill out Form 3115 for the first tax year.