If your business was impacted by COVID-19, Marolt LLP can assist you in understanding the new refundable payroll tax credits – available to employers who maintained employee payroll during qualifying periods in 2020 and 2021. If your business fully or partially suspended operations due to a government order related to COVID-19, if you paid sick leave to employees or if your business experienced a decrease in gross receipts, you may be a candidate for these credits. Businesses with less than 100 employees are now able to claim these credits in addition to the Paycheck Protection Program loans. We can help you allocate your wages and other qualifying expenses to utilize all tax credits available to you and your business. Please reach out to us if you think you might qualify.
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