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The ERTC is a refundable tax credit against employer-side FICA employment tax. The amount of the credit is equal to 50% of up to $10,000 of the usual and qualified wages an employer pays to each employee after March 12, 2020, and before January 1, 2021.

The last three months have been some of the most unpredictable for Denver business owners. The confluence of stay at home orders, forced business closures and fear of COVID-19 transmission have created challenging conditions. Almost overnight many were forced to cease...

The financial vitality of many Denver businesses has come into question since the implementation of COVID-19 prevention orders. Many have been forced to change their business model or completely shut down to maintain compliance

Congress passed the CARES Act which created important new loan options including the Payroll Protection Program (PPP). The program provides 100% forgivable loans for businesses to manage payroll expenses and retain staff.

The financial vitality of many Denver businesses has come into question since the implementation of COVID-19 prevention orders. Many have been forced to change their business model or completely shut down to maintain compliance.

An additional boost came when President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act,  comprehensive relief which provides $2 trillion in tax relief, business loans, unemployment and more.

March is typically when Denver companies are focused on finalizing tax returns and reviewing financial reports leading to the end of the first quarter. However, rather than focusing on these tasks, many management teams are reacting to Coronavirus (COVID-19).