Understanding The Income Tax Treatment
Of The Employee Retention Credit

Many taxpayers have spent the past year reviewing eligibility and filing refund claims for the Employee Retention Credit (“ERC”). The popular tax credit enacted by the CARES Act in March 2020 gave many businesses impacted by COVID-19 the opportunity to file payroll tax refund claims for a much-needed infusion of cash to keep their businesses running.

Now, as we begin the 2021 tax filing season, those businesses are wondering about the income tax treatment of the ERC. The biggest question is – is the ERC refund income? And if so, when? Learn more by visiting us online.

Forbes Names GBQ Among America's Best Tax & Accounting Firms

GBQ is proud to announce it has earned the recognition of being named among the Forbes lists of America’s Best Tax Firms and America’s Best Accounting Firms for the third consecutive year.

31st Annual Ohio Business Tax Conference & Virtual Institute

Register to join industry leaders, including GBQ's State & Local Tax Directors Sara Goldhardt and Jeff Monsman, for the latest insight regarding major business tax matters. Register to attend January 25th-26th!

If You Received
EIDL Or RRF,
You May Need
An Audit

Federal funding provided relief for many, but with it comes potential surprises. What must be considered now, is whether these sources of federal funding could result in an organization being subject to a Single Audit.

Dustin Minton

Director,
Restaurant Services

Kaz Unalan

Director, Tax & Business Advisory Services

Tom Powers

Director of
Assurance Services

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