Tax

Employee Retention Credit

The Employee Retention Credit (“ERC”) is a credit that was effective in 2020 to assist businesses in keeping employees on payroll. The ERC has been extended for all of 2021 and has been significantly expanded. Even if your business did not lose revenues in 2020 compared to 2019, you still could qualify given the many eligibility factors.

Remember, if you qualify it is critical to fully document the qualification to avoid problems in the future. The ERC is a refundable tax credit thereby providing significant benefit to the business.

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William "Bill" Johnson and Keith Myers Promoted to Directors at GGM
1/5/2024 2:24 PM | Gray, Griffith & Mays, a.c.
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6/9/2023 11:33 AM | Gray, Griffith & Mays, a.c.
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2/7/2023 12:36 PM | Gray, Griffith & Mays, a.c.
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12/19/2022 12:38 PM | Gray, Griffith & Mays, a.c.
Gray Griffith & Mays – Morgantown Announces Acquisition of West Virginia CPA Firm
1/1/2022 12:00 AM | Gray, Griffith & Mays, a.c.

Gray, Griffith & Mays logo

Gray, Griffith & Mays, a.c.

707 Virginia Street East
Suite 400
Charleston, WV 25301

Phone: (304) 345-9400
Fax: (304) 345-7258
E-mail: ggm@ggmcpa.net

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Gray, Griffith & Mays Morgantown, PLLC

1300 Fort Pierpont Drive
Suite 102
Morgantown, WV 26508

Phone: (304) 241-1267
Fax: (304) 241-1265
E-mail: ggmMorgantown@ggmcpa.net

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The Health Group, LLC

1300 Fort Pierpont Drive
Suite 102
Morgantown, WV 26508

Phone: (304) 241-1261
Fax: (304) 241-1265

 

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