Jeffery L. Morris is a founding partner of Think LLP in Costa Mesa, California, where he heads the credits and incentives practice. In this article, Morris examines the employee retention credit under the coronavirus relief legislation and explains how employers can qualify for the credit based on s...
With tax return filing approaching for many clients, this is a reminder that IRS guidance provides that employers may not deduct wages that were used in the ERC calculation from taxable income up to the amount of the ERC....