Business Finance Coach's video: EMPLOYEE RETENTION TAX CREDIT - How does the ERC work 26 000 per employee Is it legit

This is the ULTIMATE GUIDE to the Employee Retention Tax Credit (ERC/ERTC) In this video, explain how the credit works and how you calculate it, including answering the common questions: 0:00 Introduction 1:00 How does the employee retention tax credit work? 5:35 Qualifying for the credit 7:06 What is a recovery startup business? Can you get the credit if you started your business during covid? 8:28 Can I still apply for the employee retention credit in 2022? 2023? 10:00 Who can claim the employee retention credit? 10:26 What if I have more than 1 business? What are the IRS aggregation rules for ERC? 15:05 How long does it take to get the ERC refund? 15:18 Can the owner claim retention credit on their wages? 16:57 Do you have to pay taxes on ERC credit? Is ERC taxable income? 17:31 How does the ERC effect income taxes? 21:07 What is included in ERC qualified wages? What are "qualified wages" for ERTC? 22:14 Can I claim ERC with PPP? How does PPP effect ERC? 22:45 Closing and how I can help you file ERC Gusto (the payroll software I recommend in the video): https://gusto.com/r/PloJd/?utm_source=reflink My Paying Workers & Owners course (where you can ask me questions): https://www.bizschool.coach/payingownersandworkerscourse Other videos you might enjoy: Sole Proprietor vs. LLC vs. S-corp: What are the TAX BENEFITS & DIFFERENCES: https://youtu.be/tCiv1p0__JI HOW DO I PAY MYSELF IN MY BUSINESS [PART 1]: https://youtu.be/0VPfIFGJyl0 4 TAX SAVINGS STRATEGIES FOR OWNER PAYhttps://www.youtube.com/redirect?q=ht... [HOW DO I PAY MYSELF IN MY BUSINESS PART 2] https://youtu.be/vb8O6K9XoeU HOW TO OVERCOME PROCRASTINATION https://youtu.be/lTjT0cx3x6w THE EASIEST AND CHEAPEST WAY TO TRACK YOUR ACCOUNTING RECORDS (SOFTWARE VS. APPS VS. BOOKKEEPERS): https://youtu.be/1pLQuiDVyQI S-CORPORATION CALCULATOR — When & How the S-corp Saves You Taxes! https://youtu.be/UqujNM4IkFA File Your Taxes for FREE online with this DIY Tax Video Series: - Choosing free way to file for federal and state: https://youtu.be/yRq2xl783qw - STEP-BY-STEP TUTORIAL: Filing your taxes for free in any situation https://youtu.be/ntmvzLi1T2k - STEP-BY-STEP TUTORIAL: How To File a 1099 Online For FREE https://youtu.be/AO-f0OVP_6Y - - STEP-BY-STEP TUTORIAL: Home Office Tax Write-off - Worksheet for tracking https://youtu.be/Fo-7_LkBO-k Other popular videos: - The Balance Sheet Explained: https://youtu.be/UXtRoEO9zp0 - What is a Holding Company? https://youtu.be/SfGhXDMm5r4 - Does the LLC save taxes? https://youtu.be/ZRaAs4Xq_yc - Sole Proprietor vs. LLC vs. S-corp: https://youtu.be/tCiv1p0__JI - How Businesses are Taxed: https://youtu.be/8qzQop2xPZY