Taxes

Read: Clarifying Employee Retention Credits: How to Receive Payroll Tax Refunds

Clarifying Employee Retention Credits: How to Receive Payroll Tax Refunds

Created by Congress as a COVID-19 relief measure, the Employee Retention Credit (ERC) can offer refunds against 2020 and 2021 payroll taxes. Here’s how to tell if you qualify.

Read: Beware: IRS ‘Dirty Dozen’ List Includes R&D Tax Credit

Beware: IRS ‘Dirty Dozen’ List Includes R&D Tax Credit

Many dealers and integrators qualify for the R&D tax credit, but there is a cautionary tale to understand before you apply for the credit.

Read: Not Collecting Sales Tax on Service Agreements? Here’s How.

Not Collecting Sales Tax on Service Agreements? Here’s How.

Security dealers and custom integrators that offer remote systems management and other taxable services to out-of-state clients must collect sales tax.

Read: Biden Pinpoints Smallest Companies in PPP Loan Revisions

Biden Pinpoints Smallest Companies in PPP Loan Revisions

Biden is establishing a two-week window during which only businesses with fewer than 20 employees can apply for the forgivable PPP loans.

Read: How the IRS Wants to Give Employers Free Money (No, Really)

How the IRS Wants to Give Employers Free Money (No, Really)

A lower threshold of gross receipt reductions should expand the pool of eligible employers to receive the Employee Retention Tax Credit (ERTC).

Read: SBA Prepares to Release Second Round of PPP Loans

SBA Prepares to Release Second Round of PPP Loans

Lenders that specialize in working with minority-owned small businesses will have a head start in tapping PPP funds when the program reopens Jan. 11.

Read: IRS Issues Guidance on Deductibility of PPP Expenses

IRS Issues Guidance on Deductibility of PPP Expenses

The IRS will allow businesses that had their Paycheck Protection Program loans forgiven to write off expenses paid for with that money.

Read: What to Know About the Latest Coronavirus Relief Bill

What to Know About the Latest Coronavirus Relief Bill

Lawmakers approved a $900 billion pandemic aid bill that includes key provisions effecting alarm and systems integration businesses.

Read: Your EIDL Loan Has Funded, Congrats. Well, Maybe Not

Your EIDL Loan Has Funded, Congrats. Well, Maybe Not

Dealers and integrators that received EIDL loans may already be in default or have inadvertently broken the law in applying for and receiving them.

Read: PPP Loan Program: How to Restore Payrolls to Pre-Pandemic Levels

PPP Loan Program: How to Restore Payrolls to Pre-Pandemic Levels

Industry accountant Mitch Reitman delivers advice on how to restore your payroll to pre-pandemic levels to ensure maximum forgiveness for these expenses.

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