Kajli Prince Member of the National Association of Independent Writers and Editors
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Employee Retention Tax Credit

January 23, 2021 Post a comment

Who ever thought we would have to resort to paying employees NOT to work, smh. Well, when you are ordered by the government to shut your business down because of a pandemic, you might have to do just that.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act created, among other things, a “refundable” tax credit called the Employee Retention Tax Credit (ERTC). Who can claim this weird, but wonderful, refundable tax credit? An eligible businesses (of any size): (1) that is subject to closure, (2) due to COVID-19, (3) who continue to pay some or all of their employees. And before any of my Sole Proprietor bretheren out there get any funny ideas … Self-employed individuals are NOT eligible for this credit for their own earnings, but may be eligible for wages paid to their employees. Whomp! Whomp! Wouldn’t that be nice, lol.

If you are still interested in applying for this credit, click the link in the reference section below. It is a one-stop-shop for all things ERTC. What qualifies as an eligible employer, what are qualifying wages, how you receive the credit, etc. If you’re stuck, or just need more info, etc., just AsQ Prince!

Reference:

FAQs: Employee Retention Credit Under the CARES Act.

 

Categories: Uncategorized

What a start to 2021 :-/

January 8, 2021

This will be a short, but necessary, post. The state of our union is in some disarray after events at our nation’s capitol earlier this week. Now, I don’t get political … at least not here. But I just wanted to mention this because it is news that affects the conversation we have been having, regarding; small business, retirement, and more recently – stimulus.

A new administration is about to be sworn in this month. And, with any new administration comes a new legislative agenda. For my purposes, that primarily means new Tax Law. For our collective purpose, that means new initiatives that affect our families, our friends, our business(es) … and our ability to NOT go crazy from all this (madness). And I am committed to making some sense – out of some of it … the Uncle Sam part, lol.

This is all I can really offer my fellow citizens at a time like this. So, please ask questions. I know there are folks out there with all sorts of issues because I have clients, as well as friends and family, that are struggling right now.

We will always be better together 🙂

AsQ Prince!

Categories: Uncategorized

2021 Here We Come!!!

December 30, 2020

Welcome back – me, lol. A lot has transpired since around this time last year. So buckle up. I am planning on carrying out a weekly campaign tasked to ‘make sense of it all’. So get your questions ready. We will be wheels up before you can blink. 2021 here we come!!!

AsQ Prince!

Categories: Uncategorized

Welcome to AsQ Prince!

January 10, 2020

Do you have a TAX question? Well then, just – AsQ Prince!

My name is Kajli (pronounced: Kah-lee) Prince (everyone calls me Prince). And I am a Senior Tax Specialist, and Office Manager, at one of two H&R Block offices in Manassas, VA.

It is tax season and I am excited to be here. There is a ton of information to share, so strap in. I am going to do my best to take some of the fear out of tax time and tax preparation, by sharing relevant information in an easy to understand fashion.

Cheers, Prince!

Categories: Uncategorized

Recent Posts

  • Employee Retention Tax Credit
  • What a start to 2021 :-/
  • 2021 Here We Come!!!
  • Welcome to AsQ Prince!

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Employee Retention Tax Credit

January 23, 2021

What a start to 2021 :-/

January 8, 2021

2021 Here We Come!!!

December 30, 2020

Welcome to AsQ Prince!

January 10, 2020

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