The employee retention credit (ERC) is a provision of the CARES Act and is a tax credit allowing qualified employers to receive a refund of payroll tax deposits made in 2020. This credit is helping many of our clients who were either shut down by Governor Inslee’s…
Author: Laura Koenig, CPA
Laura has more than 25 years of experience in providing accounting, business consulting, and tax advisory services to clients of all sizes and industries.
Laura has worked at several CPA firms and has focused on income and estate tax. She works with clients that are privately held and consults on income tax matters related to transactions and compliance. She also works on business transitions services such as assisting to transition family business to the next generation or to 3rd parties. Throughout her career she has also assisted clients move through high growth and development phases.
Employee Retention Credit 2021
The Consolidated Appropriations Act (CAA) passed December 27, 2020, makes major changes to the Employee Retention Credit (ERC). The ERC is available on qualifying wages paid during the first two quarters of 2021 which meets the following test. The Company has more than a 20% decline in gross revenue comparing the same quarter of 2021 to 2019. For example…
Estate Tax Planning: It is Time To Do Some Work
If your estate as a married couple is worth more than $10 million dollars (or if you are single and your estate is worth more than $5 million), it is time to review your estate planning documents. Under current federal estate tax laws, a married couple can die with $23.18 million dollars and not pay any federal estate taxes. That may…
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