Employee Retention Credit in Detroit, MI
One part of the CARES Act that was meant to combat the troubles the pandemic caused for many businesses was the Employee Retention Credit in Detroit, MI. This Employee Retention Credit is a refundable tax credit that is meant to offset certain employment taxes incurred during the COVID-19 pandemic. While this was helpful for businesses that received it, there is some confusion of how the Employee Retention Credit factors into your tax filing. For help with this issue, the experts at Heemer Klein are waiting to use our expertise to guide you through tax filing.
Help with Taxes for the Employee Retention Credit in Detroit, MI
Since the Employee Retention Credit in Detroit, MI is a refundable credit, if the credit you are eligible exceeds the amount of certain employment taxes you have due, you can receive the extra portion of credit as payment. This can further complicate your tax filings, however. To make sure that you are filing your Employee Retention Credit correctly, get help from the tax experts at Heemer Klein. We’ll do the hard work to figure out exactly how your business needs to file their taxes so that you don’t have to worry about mistakes in your filing.