For the ERTC, What if the employer has two health plans? For example, both a group health plan and a health flexible spending arrangement (FSA)), how are the qualified health plan expenses for each em

The qualified health plan expenses are determined separately for each plan. Therefore, for each plan, those expenses are allocated to the employees who participate in that plan. In the case of an employee who participates in more than one plan, the allocated expenses of each plan in which the employee participates are aggregated for that […]
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For the ERC, How does an employer determine if the part of the business that was suspended is enough to qualify the entire business for the tax credit?

The law provides that the part of business operations that must be affected by a government order to qualify that business for the ERC must account for more than a “nominal portion” of its business operations. Solely for purposes of the employee retention tax credit, a portion of an employer’sbusiness operations will be deemed to […]
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For the ERTC, Does the amount of qualified health plan expenses include both the portion of the cost paid by the Eligible Employer and the portion of the cost paid by the employee?

The amount of qualified health plan expenses taken into account in determining the credits generally includes both the portion of the cost paid by the Eligible Employer and the portion of the cost paid by the employee with pre-tax salary reduction contributions. However, the qualified health plan expenses should not include amounts that the employee […]
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Applying the IRS Aggregation Rules to Dioceses when Massive Tax Credits are at Stake.

The Employee Retention Tax Credit (ERTC) has created lively and spirited conversations between diocesan Chief Financial Officers (CFOs) about the Internal Revenue Service (IRS) aggregation rules. These debates about whether, and under what method a diocese must aggregate with related employers (like parishes, charities, schools, colleges, hospitals, etc.) are important. As most dioceses are aware, […]
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