Did you determine you can take the Employee Retention Tax Credit and need to submit a 941X to update your information for 2020 through the 2nd quarter 2021? This video will explain the process. If you can claim the ERTC for wages paid after June 30, 2021, see my updated video located at [ Ссылка ] as the IRS changed how to calculate the non-refundable portion of the ERTC beginning with the 3rd quarter 2021 wages.
PLEASE NOTE: I made a mistake in the video. You DO NOT check box 36 unless you are reclassifying to/from 1099 to W2. I did not mean to check that. You only need to explain the reason for the 941X in box 37.
Someone asked me to create a video on how to determine the ERTC and PPP wages. I have posted that video at [ Ссылка ].
To learn more about Affordable Bookkeeping and Payroll, visit: [ Ссылка ]
I'm Candy Messer, President of Affordable Bookkeeping and Payroll and Podcast Host of Biz Help For You. This channel will share helpful information for you to run a successful business including tips in the areas of bookkeeping, payroll, sales tax, business licenses, and other compliance PLUS information I share from experts in other fields.
To find even more helpful information, visit my blog at [ Ссылка ]
