TRUSTed Client Support Advocates
Contact Us Today For A Consultation
Trust structures have been used for centuries to protect assets and manage wealth. The first recorded use of a trust was in the will of an Englishman named William the Conqueror in 1066. In his will, he appointed trustees to manage his estate and distribute his assets after his death.
A trust refers to a fiduciary relationship created to appoint one party to manage another party’s assets and property on behalf of a third party. This relationship is established between the creator of the trust (the grantor) and the trustee, who holds and administers the assets and property within the trust on behalf of the beneficiaries or the individuals or entities designated to receive the property. The trustee is appointed to fulfill the obligations of administering the trust while acting in the best interests of the grantor, the trust, and its beneficiaries.
Trusts
Wills
ERC Tax Credit
- Asset Protection
A trust can help to protect your assets from creditors and lawsuits.
- Estate Planning
A trust can help you plan for how your assets will be distributed after your death.
- Tax Planning
A trust can help you minimize taxes on your estate.
- Privacy
A trust can help to keep your assets and financial affairs private.
Building Trust, One Connection at a Time. Contact Us Today!
Linda Rougeux
Wade Kricken
The Employee Retention Credit (ERC) is a refundable tax credit for businesses that continued to pay employees while shut down due to the COVID-19 pandemic or had significant declines in gross receipts from March 13, 2020, to Dec. 31, 2021.
The Employee Retention Credit (ERC) is a refundable tax credit for businesses that continued to pay employees while shut down due to the COVID-19 pandemic or had significant declines in gross receipts from March 13, 2020, to Dec. 31, 2021.
The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that Eligible Employers pay their employees.
This Employee Retention Credit applies to qualified wages paid after March 12, 2020, and before January 1, 2021. The maximum amount of qualified wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $5,000.
Eligible employers can claim the ERC on an original or adjusted employment tax return for a period within those dates.