We are nearly three years out from the start of the COVID-19 pandemic, but businesses are still in the process of recovering from its effects. Faced with many options for financing help It can become very overwhelming. That’s why we’re talking to Erin Lierheimer, Senior Technical Product Manager at Paychex, and Ken Bersani, Manager of Operating Risk at Paychex about the Employee Retention Tax Credit (ERTC), how you can retroactively claim it, the qualifications and eligibility of the ERTC, how Paychex can help with 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 at www.paychex.com/worx/guide/ertc-resource.

Find out more about the deadlines to retroactively claim the ERTC www.paychex.com/articles/compliance/employee-retention-credit.

Learn more about the ERTC and how Paychex can help at www.paychex.com/tax-services/employee-retention-tax-credit-services.

DISCLAIMER:

The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.