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The Employee Retention Tax Credit (ERTC): A No-Brainer for Businesses



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You know the impact that the COVID-19 had on businesses throughout the United States, but did you know that you can still retroactively claim one of the tax credits designed to help those impacted by the pandemic? Tune in as Gene Marks talks with Erin Lierheimer, Senior Technical Product Manager at Paychex, and Ken Bersani, Manager of Operating Risk at Paychex, about the Employee Retention Tax Credit (ERTC). Learn what it is, who qualifies, how Paychex can help you through the process, and much more.

Topics Include:
00:15 – Financing trends for 2023
01:01 – What is the ERTC?
03:15 – Guest introduction
03:51 – Meet Erin Leirheimer
05:39 – Meet Ken Bersani
06:14 – Using a professional for ERTC
07:25 – Can you still obtain the ERTC credit?
07:43 – Retroactive amendments to ERTC
08:09 – How long does it take to get refunds?
08:33 – ERTC timeline and leaving yourself time
11:38 – How Paychex helps with the process
12:09 – ERTC with other loans and credits
15:41 – Qualifications and eligibility for ERTC
15:51 – Full or partial shutdown
19:45 – Decline in gross receipts
22:47 – Recovery startup businesses
25:02 – Key dates
26:07 – Auditing by the IRS
30:51 – Wrap up


Discover more about the benefits of the ERTC: https://www.paychex.com/worx/guide/ertc-resource?utm_source=podcast&utm_medium=referral&utm_campaign=DM_Small_Business_Series_Podcast&campaign_name=DM_Small_Business_Series_Podcast&campaign_id=7014u00000170pE
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