Sagemont Tax brings a leadership team of former “Big 4” firms and top consulting professionals that are credentialed and tenured, with decades of experience in both advising taxpayers on complex tax transactions and tax positions, as well as representing clients in front of the IRS.
Overview While most private club managers or operators have previously evaluated the merits of the Employee Retention Credit (ERC) for…
Did your company begin operations between February 15, 2020, and December 31, 2021? Did your business also have W-2 payroll…
On September 14th the Internal Revenue Service (“IRS”) announced a moratorium on the processing of Employee Retention Credit (“ERC”) claims…
By now, many business owners and C-suite executives have heard about the Employee Retention Credit (ERC). Released in March 2020,…
As most CPAs already know, the Employee Retention Credit (ERC) is a federal payroll tax credit paid to businesses that…
The latest trending questions answered by Sagemont Tax’s Managing Directors; JJ Budzik, JD, Maxwell Burns, and Kyle Morabito. Does the…
1. Will claiming the Employee Retention Credit create taxable income (or reduce a loss)? Yes. IRS Notice 2021-20 provides that…
Whether you already filed for the Employee Retention Credit (ERC) or didn’t file certain quarters because you believed your organization…
With all the misconceptions surrounding the Employee Retention Credit (ERC), employers are understandably overwhelmed by the idea of applying for…
The increasing popularity of the Employee Retention Credit (ERC) has led to the proliferation of newly minted ERC service providers…
In March 2020, the Employee Retention Credit (ERC) was established to assist businesses that suffered economic impact, financial losses, or…
Charitable giving reached a record high of $471 billion in 2020[1], which is an incredible testament to the work and…
Business owners and managers that have or are interested in claiming the Employee Retention Credit, should carefully scrutinize any advisory…
Key Takeaways: A nonprofit organization (“NPO”) may recognize Employee Retention Credit (ERC) in the year the NPO claims the ERC,…
As 2023 shapes up, what Sagemont Tax projects or milestones are you looking forward to? All of our Managing…
In the wake of the recent increase in the popularity of the Employee Retention Credit (ERC), many business owners have…
Kenneth Dettman, Sagemont Tax CEO, joins Lorena Tomasini, owner of MALM Life and Health Insurance Agency, on her podcast to…
In a recent press release (click here), Sagemont Tax highlighted common traits to look for to identify possible “ERC mills”…
On October 19, 2022, the Internal Revenue Service (IRS) publicly released a warning to employers “to be wary of third-parties…
One of the most common misconceptions concerning eligibility for the Employee Retention Credit (“ERC”) relates to whether a business must…
FALSE. One of the most enjoyable ERC myths to dispel has been that the employer-size thresholds governed by the PPP…
Under the original ERC legislation released with the CARES Act, a somewhat obscure “look-forward” rule was introduced that effectively prescribed…
