Business Tax Credits and Incentives News | Synergi Partners Blog

COVID-19-Related Employee Retention Credits: Determining When an Employer’s Trade or Business Operations are Considered to be Fully or Partially Suspended Due to a Governmental Order FAQs

June 22, 2020

IRS FAQ Update for Coronavirus Tax Relief This FAQ is not included in the Internal Revenue Bulletin, and therefore may not be relied upon as legal authority. This means that the information cannot be used to support a legal argument in a court case. An employer whose trade or business operations are fully or partially…

Murphy-led Bipartisan Expansion of Employee Retention Tax Credit Gaining Momentum Legislation included in House-passed bill.

June 8, 2020

Legislation included in House-passed bill would help 6.1 million businesses keep 60 million workers connected to their jobs; will protect paychecks and health insurance. WASHINGTON—A bipartisan bill introduced by U.S. Representatives Stephanie Murphy, D-Fla., John Katko, R-N.Y., Suzan DelBene, D-Wash., Brian Fitzpatrick, R-Pa., and Chris Pappas, D-N.H., to prevent layoffs by expanding the employee retention…

Synergi Partners honors Smithfield

May 21, 2020

Synergi Partners spent the earlier part of this week honoring Smithfield. On Monday, our team had Smithfield BBQ, along with all the sides, for lunch. For dessert, a “Pig” cake and cupcakes were served. Smithfield’s commitment to Synergi Partners makes it easy for us to be more than Tax Consultants. We are partners and friends,…

Rodrigo Masses joining Synergi Partners Puerto Rico, an industry leader in hiring credits and tax incentives

May 20, 2020

Synergi Partners Puerto Rico is pleased to announce Rodrigo Masses as President. Rodrigo Masses will focus on Disaster Relief Incentives and the CARES Act, a policy implemented to protect businesses from natural disasters and managing employee retention rates. Synergi Partners Puerto Rico is focused on providing solutions for companies to help build productivity and profitability….

Larry Feinstein joining Synergi Partners, an industry leader in hiring credits and tax incentives

April 30, 2020

Synergi Partners is pleased to announce Larry Feinstein as President – CARES Act. Synergi Partners is focused on providing solutions for companies to help build productivity and profitability. Larry Feinstein will specifically focus on the CARES Act, a policy implemented to protect businesses from natural disasters and managing employee retention rates. In Mr. Feinstein’s new position,…

New Interim Emergency Covid-19 Relief Announced

April 9, 2020

INTERIM EMERGENCY COVID-19 RELIEF ACT MAY PASS SOON House and Senate Democrats agree that we need to expand and improve the Small Business Administration’s emergency relief programs for small businesses. The Democratic interim emergency bill would immediately address five key issues as the House and Senate continue to develop a fourth, comprehensive COVID-19 bill, or “CARES…

WEBINAR: COVID-19 Tax Credits How To: Qualifying and Processing

April 7, 2020

We know many of you have questions about the economic relief available for businesses through the Families First (FFCRA) and CARES Act. That’s why Synergi Partners has teamed up with Haynsworth Sinkler Boyd, P.A. to present a webinar on the available tax credits under the FFCRA and CARES Act, including the Economic Injury Disaster Loan…

IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments

April 2, 2020

WASHINGTON — The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts can lead to tax-related fraud and identity theft. “We urge people to take extra care during this period. The IRS isn’t going to call you…

Synergi Partners Helps Employers Impacted by Coronavirus (COVID-19) Obtain Federal Tax Relief

March 30, 2020

Employee Retention Credit (ERC) Available for Businesses through CARES Act (Florence, SC – March 30, 2020) – On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to provide emergency assistance for individuals, families and businesses affected by the 2020 coronavirus pandemic. Among numerous other…

Coronavirus (COVID-19) Economic Relief Legislation Signed Into Law

March 24, 2020

Coronavirus (COVID-19) Economic Relief Legislation Passes Congress Friday March 26th congress passed Coronavirus Aid, Relief, and Economic Security (CARES) Act and the President signed it into law. The economic relief packages includes an Employee Retention Tax Credit (ERTC) for all businesses to encourage them to keep workers on payroll during this crisis. Synergi Partners is…