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Recent COVID-19 Updates Articles

Employee Retention Tax Credit: Don’t Miss a Step

Employee Retention Tax Credit: Don’t Miss a Step

By Lee Frank, MBA, CPA June 20, 2022

By now, you have likely heard about the Employee Retention Tax Credit (ERTC) program, a government incentive for businesses to retain employees throughout the Covid 19 pandemic. It was created by the CARES Act and extended and altered by successive pieces of coronavirus relief legislation. The ERTC has provided massive…

Don’t Miss Out on the Employee Retention Tax Credit

Don’t Miss Out on the Employee Retention Tax Credit

By Lee Frank, MBA, CPA November 8, 2021

If they have yet to do so this year, qualifying employers can still take advantage of one of the CARES Act’s major benefits — the employee retention tax credit (ERTC). Enacted with the 2020 coronavirus relief legislation and since extended through 2021, it is meant to help businesses that retained…

HEERF Single Audit email Clarification

HEERF Single Audit email Clarification

By Michael T. Wherry, CPA August 11, 2021

From discussions with various clients, for-profit institutions are receiving the following email in regard to future audits of their Higher Education Emergency Relief Funding (HEERF) grants and these emails are causing confusion: To:  Department of Education Grant Recipients From:  Phillip Juengst, Deputy Assistant Secretary, Office of Acquisition and Grants Administration…