Tax Alert: Hurricanes Harvey, Irma and Maria Tax Relief for Businesses
10/12/2017
One of the additional relief provisions added by recent legislation after Hurricanes Harvey, Irma and Maria is the Employee Retention Credit. The Employee Retention Credit seeks to reward employers with a tax credit for retaining certain employees even during the interruption caused by the storms, provided said employees worked in a FEMA designated disaster area (which for Florida is all 67 counties, all of Georgia’s Counties and certain specified Counties in Texas).
For full details on background, purposes of and qualifications for this relief provision, view our Tax Alert: Hurricanes Harvey, Irma and Maria Tax Relief for Businesses.
If you have any questions or need assistance during your recovery efforts, contact us at info@saltmarshcpa.com or call 1 (800) 477-7458.
Related Posts
- Saltmarsh Hosts 'Building Confidence': A Women-Focused Event Series
- Tax Alert: New DOL Guidance on Employee or Independent Contractor Classification
- Saltmarsh Awarded 2024 Best of Accounting
- Tax Alert: New Electronic Filing Rules for W-2s and 1099s
- Tax Alert: Beneficial Ownership Information (BOI) Reporting Requirement
- Employee Retention Credit (ERC) Update: Everything You Need to Know About the ERC Moratorium
- Navigating the Corporate Transparency Act: A Practical First Look for Business Owners
- Employee (W2) vs Contractor (1099)
- The Employee Retention Credit: What Taxpayers Need to Know
- Understanding Tax-Related Identity Theft
- 5 Essential Documents for Your Estate Plan
- Are you Prepared For Changes to Estate Tax Exemptions?
- 4 Painless Ways to Achieve Financial Security
- NIL (Name, Image, Likeness): Income Tax Considerations for Student-Athletes
- Natural Disaster Casualty Losses
- Inflation Reduction Act of 2022
- Estate Planning with a Revocable Trust: A Case Study
- State and Local Tax: Basics to Consider
- Webinar Recording: Tax Benefits of Owning Investment Properties
- Tax Breaks for Businesses and Self-Employed Taxpayers
- Sponsoring a Health & Welfare Benefit Plan: Are You 5500 Compliant?
- Biden Administration's FY 2023 Budget Plan Calls for Corporate Tax Hikes
- Biden Administration's FY 2023 Budget Plan Calls for Tax Hikes on High-Net Worth Individuals
- Cristine Torrefranca, CPA, Elected Treasurer of Bay Area Manufacturers Association (BAMA)
- Have You Maxed Out the Contribution to Your Health Savings Account (HSA) for the 2021 year?
- View All Articles
