Relief for Employee Retention Tax Credit Penalties

Relief for Employee Retention Tax Credit Penalties

The Employee Retention Tax Credit (ERTC) helped employers bolster cash flow and avoided layoffs during the most uncertain periods of COVID. The confluence of state issued forced business closures and stay at home orders created adverse conditions for many Minnesota companies. The program provided a desperately needed capital infusion to struggling businesses.

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Minnesota Frontline Worker Payments

Minnesota Frontline Worker Payments

he Minnesota Department of Labor and Industry is currently developing an online application system for eligible workers to apply for a bonus payment. There will be a 45-day application period and a 15-day appeal period for denied applications.

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Employee Retention Credit (ERC) Ending

Employee Retention Credit (ERC) Ending

In November, the passage of the Infrastructure Investment and Jobs Act retroactively eliminated the Employee Retention Credit (ERC) for wages paid after October 1, 2021, for most employers.

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