Daniel Rickenbach

Daniel Rickenbach

Freelance music ninja. Hipster-friendly pop culture enthusiast. Passionate twitter practitioner. Devoted coffee fan. Wannabe student.

44 Author´s Posts
Is employee retention credit an expense?

Is employee retention credit an expense?

The employee retention credit is a fully refundable tax credit that eligible employers request to cover certain payroll...

How do i add an erc to quickbooks online?

How do i add an erc to quickbooks online?

Go to the Payroll menu and then select Employee, For regular hours in the regular employee retention credit, For any...

How to Accurately Record Employee Retention Credit in Financial Statements

How to Accurately Record Employee Retention Credit in Financial Statements

When registering the employee retention credit, it is essential to record it as a credit to grant income and as a debit...

How do i set up erc in quickbooks online?

How do i set up erc in quickbooks online?

HOW TO DOWNLOAD THE CORRECT PAYROLL DATA FROM QUICKBOOKS ONLINE Log in to your QuickBooks Online account. In addition,...

What businesses are eligible for erc?

What businesses are eligible for erc?

The ERC is available for operations or businesses whose operations were subject to a total or partial suspension of their ...

Has the employee retention credit expired?

Has the employee retention credit expired?

Cassidy Jakovickas, certified public accountant, is president and CEO of MBS Accountancy Corp. Businesses that wish to...

Is the employee retention credit being extended?

Is the employee retention credit being extended?

The credit is no longer available, but there is still time to apply for the periods it covered if you haven't already. If ...

Reporting the Employee Retention Credit on 1120s

Reporting the Employee Retention Credit on 1120s

The Employee Retention Credit (ERC) is a tax incentive introduced by the IRS to help employers affected by the COVID-19...

Does QuickBooks Help With Employee Retention Credit?

Does QuickBooks Help With Employee Retention Credit?

Do you need help implementing the employee retention credit (ERC) in QuickBooks Online (QBO)? If so, you've come to the...

How do i add employee retention credit in quickbooks online?

How do i add employee retention credit in quickbooks online?

Go to the Payroll menu and then select Employee, For regular hours in the regular employee retention credit, For any...

How do you account for the employee retention credit?

How do you account for the employee retention credit?

An entity can recognize income from the employee retention credit in the period in which it determines that the...

Is the erc available for nonprofit organizations?

Is the erc available for nonprofit organizations?

Nonprofit organizations are eligible to receive employee retention credits. Nonprofit organizations are eligible for...

What Payroll Qualifies for the Employee Retention Credit (ERTC)?

What Payroll Qualifies for the Employee Retention Credit (ERTC)?

Consequently, each of them is eligible to receive the Employee Retention Credit (ERTC) only for wages paid to an employee ...

Is the ERTC Tax Credit Still Available?

Is the ERTC Tax Credit Still Available?

Companies have until 2024 and, in some cases, until 2025 to review their payroll during the pandemic and apply for the...

How do you record employee retention credit in accounting?

How do you record employee retention credit in accounting?

When registering the employee retention credit, it must be recorded as a credit to grant income and as a debit for...

How to Categorize Employee Retention Credit in QuickBooks

How to Categorize Employee Retention Credit in QuickBooks

Are you wondering how to implement the Employee Retention Credit (ERC) in QuickBooks Online? As a subscriber to the...

Is erc credit considered income?

Is erc credit considered income?

These FAQs are not included in the Internal Revenue Bulletin and therefore cannot be relied upon as a legal authority....

How to Record an Employee Retention Credit in QuickBooks

How to Record an Employee Retention Credit in QuickBooks

Are you wondering how to implement the Employee Retention Credit (ERC) in QuickBooks Online? As a subscriber to the...

Understanding Employee Retention Credit and How to Report it on Taxes

Understanding Employee Retention Credit and How to Report it on Taxes

Employers are eligible for the Employee Retention Credit (ERC) if they have been affected by the COVID-19 pandemic. This...

Where do i enter employee retention credit on 1120s?

Where do i enter employee retention credit on 1120s?

The employee retention credit is indicated on Form 1120-S on line 13g (Other Credits), with code P. The new items G and H ...

Accounting for the Employee Retention Credit (ERC)

Accounting for the Employee Retention Credit (ERC)

When registering the Employee Retention Credit (ERC), it is essential to record it as a credit to grant income and as a...

How to Implement the Employee Retention Credit in QuickBooks Online

How to Implement the Employee Retention Credit in QuickBooks Online

Are you a QuickBooks Online (QBO) payroll subscriber and wondering how to implement the employee retention credit (ERC)...

Can you retroactively claim the erc?

Can you retroactively claim the erc?

Employers can still apply for the ERTC retroactively by filing Form 941-X, Employer Adjusted Federal Tax Return or...

What is erc on balance sheet?

What is erc on balance sheet?

Congress approved programs to provide financial assistance to companies during the COVID-19 pandemic, including the...

Is the Employee Retention Credit Considered Income?

Is the Employee Retention Credit Considered Income?

The Employee Retention Credit (ERC) is not a tax, but a refundable tax credit for the salaries of eligible employees....

Can Nonprofit Organizations Claim Employee Retention Credit?

Can Nonprofit Organizations Claim Employee Retention Credit?

Nonprofit organizations are eligible for the employee retention credit even if they work with a PEO. The CARES Act (ERC)...

Are gross receipts for erc cash or accrual?

Are gross receipts for erc cash or accrual?

However, gross revenues for ERC purposes are determined according to the accounting method used by the company when...

Can You Still Apply for the ERTC Tax Credit?

Can You Still Apply for the ERTC Tax Credit?

Are you wondering if you can still apply for the Employee Retention Tax Credit (ERTC)? The answer is yes! You can still...

What kind of account is employee retention credit?

What kind of account is employee retention credit?

The ERC is recorded as a cash debit or accounts receivable and as a credit to income from contributions or grants,...

Can Non-Profits Get Employee Retention Credit?

Can Non-Profits Get Employee Retention Credit?

Non-profit organizations are eligible to receive employee retention credits through payroll taxes, as part of the...

Are Employee Retention Credits Tax Deductible?

Are Employee Retention Credits Tax Deductible?

These FAQs are not included in the Internal Revenue Bulletin and therefore cannot be relied upon as a legal authority....

Understanding the Employee Retention Credit: A Guide for Businesses

Understanding the Employee Retention Credit: A Guide for Businesses

The COVID-19 pandemic has caused financial hardship for many businesses, leading Congress to approve programs to provide...

Does the erc apply to non profit organizations?

Does the erc apply to non profit organizations?

Nonprofit organizations can be considered employers eligible for the CARES Act (ERC). TEOs generally do not qualify for...

Accounting for Employee Retention Credits: A Comprehensive Guide

Accounting for Employee Retention Credits: A Comprehensive Guide

The Employee Retention Credit (ERC) program, created under the CARES Act, provides eligible employers with per-employee...

Can I Still Get the Employee Retention Credit?

Can I Still Get the Employee Retention Credit?

Companies can no longer pay their salaries to qualify for the employee retention tax credit, but they have until 2024...