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Blog Category: COVID-19

Employee Retention Credits – Not Everyone Qualifies

The Employee Retention Credit (ERC) is a refundable payroll tax credit for employers that kept workers employed during COVID-19 pandemic while suffering significant gross receipt declines or being suspended under

ERC Fraud and Increased IRS Enforcement

Recent changes have extended the eligibility of employers to claim the Employee Retention Credit (ERC) for 2021. With these changes has also come a veritable cottage industry of scammers and

Employee Retention Credit Updates – IRS Processing Times & Strategies to Enhance Credit

Quick background – If you have not explored the Employee Retention Credit (ERC), you may qualify for a payroll tax credit that has resulted in significant refunds. ERC is available

SBA Announces Additional Deferment Period for Economic Injury Disaster Loans

The SBA announced late Tuesday that any borrowers that received a COVID Economic Injury Disaster Loan (EIDL) in any of the eligible periods between 2020 and 2022, will now receive

SBA to Further Streamline PPP Loan Forgiveness Process for Loans of $150,000 or Less

Great news today for PPP borrowers that received a loan of $150,000 or less!  If you haven’t yet applied for forgiveness, the SBA will be outlining today, a new streamlined

Wisconsin Tomorrow Lodging Grant Program – Must Act by July 28, 2021

A new Wisconsin grant program has been released targeting lodging providers hit hard by the COVID-19 pandemic.  Grants will be awarded beginning in August based on a percentage of decreased

SBA Eliminates Loan Necessity Questionnaire for Loans Over $2 Million

The Small Business Administration (SBA), on Monday, officially announced that they will no longer require the use of Forms 3509 and 3510, Loan Necessity Questionnaire.  This form was released to

Should I opt out of the Advance Child Tax Credit?

What is the advance child tax credit? Who is eligible for payments? Who should consider opting out? Katy Mering, CPA, Partner at Wegner CPAs answers these and other common questions
group of employees put their hands together

Employee Retention Credit Services offered by Wegner CPAs

Is your organization or business still wondering if there are any options for stimulus relief? Good news! There might be! If you haven’t explored the Employee Retention Credit (ERC), you may have the
masked waiter serves food to 2 patrons

SBA Announces Opening Date for Restaurant Revitalization Fund

The SBA announced today that registrations for the SBA RRF portal will be open starting Friday, April 30th at 9 AM EST and the application portal will open on Monday,