Central Fairfax Chamber of Commerce: Don't Leave Money on the Table: Commonly Missed Tax Planning Opportunities for 2023

Many businesses took advantage of COVID relief programs such as PPP and EIDL, but many more are still missing out on funds from the Employee Retention Credit (“ERC”). Eligible employers who paid qualified wages can claim up to $26,000 per employee in refundable tax credits.

Another missed opportunity occurs when companies do not effectively utilize tax planning strategies. These strategies include the work opportunity tax credit, research and development credit, planning for long-term sustainability, bonus depreciation, and business expenses.

For the last two years our Tax Directors, Rebecca Sheppard, Esq. and Peter Haukebo, Esq., have helped hundreds of businesses, including law firms, understand the qualifications for ERC and other relief programs available to them.

Don’t miss out on your opportunity to ask our team your questions about your business’s eligibility and how to make sure you are not leaving money on the table in 2023.

Join our legal team on April 26th to learn how your business can qualify for ERC and claim up to $26,000 per employee.