ERC Newsroom
IRS Updates, Tax Tips, and Program Information. Anything you want to know to help your business get the money is deserves you can find right here.
Declared Disasters
Understanding when IRS can offer disaster-related tax relief; special tax provisions kick in for individuals and businesses impacted by federally declared disasters
Each year, the nation sees dozens of major disasters or emergencies happen in different parts of the country. The Internal Revenue Service makes it a priority to help taxpayers and businesses in need,... ...more
Declared Disasters
June 13, 2024•2 min read
Disaster assistance available for Georgia counties affected by severe storms
Businesses and residents affected by the severe storms, straight-line winds, and flooding on April 2, 2024, in Dekalb, Gwinnett, Henry, Newton, Rockdale, and Walton Counties can now apply for low-inte... ...more
Declared Disasters
May 03, 2024•2 min read
Natural disaster declared in Georgia after exceptional drought
More than 30 counties in Georgia have been designated as “primary natural disaster areas” by the United States Department of Agriculture (USDA), in the wake of severe droughts across the state. The ar... ...more
Declared Disasters
April 18, 2024•3 min read
Natural Disasters
How to Decide Where to Live Amid Natural Disasters
The scene is a stark reminder of the devastation that natural disasters can cause, impacting homes and communities in seconds.When deciding where to live amid increasing natural disaster threats, it’s... ...more
Natural Disasters
October 28, 2024•7 min read
Breaking the Climate Disaster Cycle
This blog examines how to break the climate disaster cycle by focusing on proactive measures like resilient infrastructure, climate policies, community preparedness, and business adaptation. Discover ... ...more
Natural Disasters
October 25, 2024•6 min read
How to Prioritize Internal Communications During Natural Disasters
Without a well-established internal communication strategy, businesses can face confusion, misinformation, and operational breakdowns, which can further complicate recovery efforts. ...more
Natural Disasters
October 22, 2024•7 min read
Disaster Readiness
Strategies for Building Business Continuity After Economic Disruptions
Economic disruptions, whether caused by natural disasters, global pandemics, or market instability, can significantly impact businesses. For small business owners, these events often lead to lost reve... ...more
Disaster Readiness
November 21, 2024•6 min read
Understanding FEMA Aid for Small Business Owners
Natural disasters can leave small businesses reeling from financial losses, property damage, and disruptions in operations. For small business owners facing the daunting task of recovery, the Federal ... ...more
Disaster Readiness
November 17, 2024•6 min read
How to Apply for Emergency Business Grants
Learn how to apply for emergency business grants with our step-by-step guide. Discover available programs, required documents, and tips for a successful application. ...more
Disaster Readiness
September 23, 2024•6 min read
Disaster Recovery
5 Common Mistakes Businesses Make After a Disaster
Recovering from a disaster is one of the most challenging experiences a business can face. Whether it's a natural disaster, economic disruption, or another unforeseen event, how you respond in the aft... ...more
Disaster Recovery
November 25, 2024•5 min read
What to Do in the First 48 Hours After a Disaster Strikes
When a natural disaster strikes, the first 48 hours are critical. This period can set the tone for your recovery process, making it essential to act quickly and strategically. ...more
Disaster Recovery
November 18, 2024•7 min read
The Importance of a Disaster Recovery Plan for Your Business
In today’s world, businesses face numerous risks, from natural disasters like hurricanes and wildfires to cyberattacks and unexpected power outages. A disaster can strike at any moment, and without a ... ...more
Disaster Recovery
November 14, 2024•7 min read
ClimateTech
How AI and Tech Can Help Mitigate the Climate Crisis
As climate change continues to pose an urgent threat to our environment, technology and artificial intelligence (AI) are emerging as powerful tools to combat the crisis. ...more
Climate Tech
November 03, 2024•7 min read
How Tech Companies Are Tackling Climate Change
As climate change becomes an increasingly urgent global issue, many industries are stepping up to contribute solutions, and the tech sector is at the forefront of these efforts. With their deep resour... ...more
Climate Tech
October 31, 2024•7 min read
Why Generative AI is Bad for the Climate
Generative AI, despite its transformative potential, has a significant environmental cost due to its high energy demands. This blog explores how AI models contribute to climate change and discusses in... ...more
Climate Tech
October 22, 2024•7 min read
Program Updates
Frequently Asked Questions about the Employee Retention Credit
The IRS announced today the agency has started to update frequently asked questions to help businesses and tax professionals navigate the ERC. The IRS added 13 frequently asked questions to a special ... ...more
Program Updates
July 28, 2023•15 min read
IRS Updates
IR-2024-284: IRS hires new Associate Chief Counsel to focus on partnerships and other passthrough entities
The Internal Revenue Service today announced the selection of the first Associate Chief Counsel for the newly created Passthroughs, Trusts and Estates office that will focus exclusively on partnership... ...more
IRS Updates
October 31, 2024•1 min read
IR-2024-280: Treasury and IRS issue guidance for the energy efficient home improvement credit
The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2024-31 and proposed regulations to provide guidance for the energy efficient home improvement credit. ...more
IRS Updates
October 31, 2024•2 min read
IR-2024-283: National Cybersecurity Awareness Month reminder: IRS and Security Summit supply online safety tips
As National Cybersecurity Awareness Month concludes and preparation for next tax season begins, the Internal Revenue Service and its Security Summit partners today reminded taxpayers to be wary of onl... ...more
IRS Updates
October 29, 2024•2 min read
Tax Tips
Tax Tip 2024-84: Essential resources to rebuild records after a natural disaster
It may be important for victims of a disaster to reconstruct their tax and financial records to help prove and document their losses so they can get federal assistance or insurance reimbursement. ...more
Tax Tips
October 16, 2024•2 min read
Tax Tip 2024-83: IRS offers tax relief after major disasters
Disaster relief can be authorized by the IRS when certain criteria from the Federal Emergency Management Agency are met. ...more
Tax Tips
October 15, 2024•3 min read
Tax Tip 2024-82: Disaster victim resources on IRS.gov
IRS.gov has information disaster victims may need as they recover, including information about disaster-related tax relief and extensions to file and pay. ...more
Tax Tips
October 15, 2024•1 min read
ERC Company News
Checklist for Safeguarding Valuable Documents
In any business, certain documents are critical to operations and compliance. These can include legal contracts, financial records, insurance policies, and other sensitive information. ...more
ERC Company News
September 15, 2024•4 min read
Employee Retention Tax Credit (ERTC) Claims Under Scrutiny: Key IRS Developments Explained
The IRS has recently ramped up its scrutiny of Employee Retention Tax Credit (ERTC) claims, issuing several significant updates that could affect your business. These developments highlight the import... ...more
ERC Company News
August 30, 2024•3 min read
Hear What Our Clients Say
Job Search Agency - FL
"The Economic Recovery team was outstanding with our ERC tax credit. They were highly communicative, very thorough, and their attention to details provided us comfort should anything need to be reviewed. We are recommending them to other companies we do business with as well."
Veteran Non-Profit - IN
"Thank you so much for providing your service. As a non-profit the majority of our help is volunteer. We didn't think we would qualify for this program. Thanks to your team we not only qualified, we will also make up for our shortfall from our last 2 years of little activity in our Donor Campaigns."
Medical Facility - FL
"As an essential business there was no thought to applying for the Employee Retention Credit program. Once we explored all of the various companies providing the same service, we knew we made the right decision when they asked to speak with our in-house legal department first, not just pushing a contract."
Tech Firm - NY
"Our CPA said we did not qualify because we broke even in 2020 and made money in 2021 even though we had to change our entire business. When we spoke with Economic Recovery we found out that we qualified and had ERC available above our 2 PPP grants, we were amazed. They understand this program inside and out."
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