How To Prepare and What to Bring to Your Employee Retention Credit (ERC) Consultation

Posted on by Moskowitz LLP Posted in Distressed Business/COVID-19
Since the onset of the COVID-19 pandemic, businesses have been hard-hit by government orders, reduced foot traffic, absenteeism, and supply chain issues. The CARES Act has sought to offer some relief to struggling businesses still reeling from the effects of the pandemic. One such lifeline is the Employee Retention Credit...
Read More

Got Employees? See if you qualify for The Employee Retention Tax Credit

Posted on by Moskowitz LLP Posted in Distressed Business/COVID-19
What is the Employee Retention Credit? The Employee Retention Tax Credit has been one of the most important pandemic relief programs introduced to help employers negatively impacted by government pandemic orders. Furthermore, the changes to ERC eligibility requirements have opened the program to a wide range of businesses that were...
Read More

Recovery Startup Businesses: Claiming the Employee Retention Tax Credit

Posted on by Moskowitz LLP Posted in Distressed Business/COVID-19
The COVID-19 pandemic has affected the way we work, shop, learn, and live. For business, the pandemic has created a range of challenges—from compliance with safety mandates to logistics challenges—to staying profitable. What may be surprising is that during the pandemic, a remarkably large number of new startup businesses were...
Read More

Employee Retention Credit – An Immediate Cash Infusion for Qualifying Employers

Posted on by Moskowitz LLP Posted in Distressed Business/COVID-19
Through the Employee Retention Credit (ERC), employers can receive upwards of $33,000 in tax credits per employee for tax years 2020 and 2021. This is a fully refundable federal employment tax credit, one of the largest federal incentives available for most businesses. Best of all, both essential and non-essential businesses...
Read More

Business Restructuring, Workout, and Turnaround – Bankruptcy Strategies For Business Coping With The Pandemic Economy

Posted on by Moskowitz LLP Posted in Business Law, Distressed Business/COVID-19
Rapid or unexpected changes in the marketplace can leave even the most well-managed business facing turnaround, business restructuring, or bankruptcy. The COVID-19 pandemic and ensuing quarantine have interrupted business processes around the world, stalling supply chains, shuttering offices, and leaving many companies scrambling to find new paths to profitability. If...
Read More

July 15 Tax Deadlines: Deadlines to File, Deadlines to Pay

Posted on by Moskowitz LLP Posted in Distressed Business/COVID-19, Estate Planning & Taxation, State & Local Taxation, Tax Planning & Compliance, Tax Services
Tax Returns and Tax Payments are Due on or Before July 15, 2020. So, with July 15th fast approaching, it is important to understand that the day is more than just the deadline for filing your 2019 tax return. It is also the deadline for payment of your 2019 taxes,...
Read More