ERTC: The Tax Credit That Could Matter Most to Your Business

Think you missed out on the Employee Retention Tax Credit (ERTC)? Think Again. Listen in as host Gene Marks talks with Erin Lierheimer, Senior Technical Product Manager at Paychex, and Ken Bersani, Manager of Operating Risk at Paychex, about how businesses can still retroactively claim credits for losses occurred during the pandemic. Hear what they had to say about what the ERTC is, the qualifications and eligibility for the ERTC, the ERTC timeline, 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 Lierheimer
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

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