--- title: Not Your Father's Accountant Blog | Employment Tax description: Employment Tax | Business Insights For The Modern Business Owner from the good folks at Milam, Knecht & Warner. --- ### [![not your fathers accountant blog](https://www.weaddvalue.com/hs-fs/images/not-your-fathers-accountant-blog.jpg)](https://www.weaddvalue.com/blog/) # [The Federal Employee Retention Credit (ERC) & How it Can Help Bring You Out of a Cash Flow Slump](https://www.weaddvalue.com/blog/employee-retention-credit) Posted by [George Chahinian](https://www.weaddvalue.com/blog/author/george-chahinian) on July 12, 2021 - [Tweet](https://twitter.com/share) [![](https://www.weaddvalue.com/hs-fs/hub/188908/file-2020356860.jpeg) ](https://www.weaddvalue.com/blog/employee-retention-credit) Has the Government-mandated Covid shutdown brought your cash flow to a halt? Have you been able to operate, but still haven’t been able to get your revenues up to the level they were at before all the lockdown madness of 2020?  Here's a brief overview of how the federal Employee Retention Credit (ERC) can get you up to $33,000 (*per employee*) in refundable federal tax credits through the end of 2021. [Read More](https://www.weaddvalue.com/blog/employee-retention-credit) 0 Comments [Click here to read/write comments](https://www.weaddvalue.com/blog/employee-retention-credit#comments-listing) Tags: [Accounting](https://www.weaddvalue.com/blog/topic/accounting), [COVID](https://www.weaddvalue.com/blog/topic/covid), [Employment Tax](https://www.weaddvalue.com/blog/topic/employment-tax), [business](https://www.weaddvalue.com/blog/topic/business), [cash flow](https://www.weaddvalue.com/blog/topic/cash-flow), [Employee Retention Credit](https://www.weaddvalue.com/blog/topic/employee-retention-credit), [payroll](https://www.weaddvalue.com/blog/topic/payroll), [ERC](https://www.weaddvalue.com/blog/topic/erc) # [2020 - 1099 Forms: What You Need to Know](https://www.weaddvalue.com/blog/awardyearendbonusestherightway-0) Posted by [George Chahinian](https://www.weaddvalue.com/blog/author/george-chahinian) on January 26, 2021 - [Tweet](https://twitter.com/share) [![](https://www.weaddvalue.com/hubfs/1099%20Form.jpg) ](https://www.weaddvalue.com/blog/awardyearendbonusestherightway-0) **Did you know that there have been changes to the 1099 Forms** starting in 2020? Fortunately, these are changes that shouldn’t be difficult to deal with. Starting for the 2020 filing year, the IRS has introduced the 1099-NEC Form, which is to be used to report Non-Employee compensation, previously recorded on line 7 of the 1099-MISC Form. Currently, the definition of non-employee compensation refers to payments to individuals not on payroll, but rather on a contract basis to complete a project or assignment. [Read More](https://www.weaddvalue.com/blog/awardyearendbonusestherightway-0) 0 Comments [Click here to read/write comments](https://www.weaddvalue.com/blog/awardyearendbonusestherightway-0#comments-listing) Tags: [Employment Tax](https://www.weaddvalue.com/blog/topic/employment-tax), [1099-Misc](https://www.weaddvalue.com/blog/topic/1099-misc), [1099](https://www.weaddvalue.com/blog/topic/1099), [Taxes](https://www.weaddvalue.com/blog/topic/taxes), [1099-NEC](https://www.weaddvalue.com/blog/topic/1099-nec), [IRS Form](https://www.weaddvalue.com/blog/topic/irs-form), [2020 IRS Form 1099](https://www.weaddvalue.com/blog/topic/2020-irs-form-1099) [All posts](https://www.weaddvalue.com/blog/all) ## Get The Latest! Sign up for our monthly newsletter for business owners. ## Lower Your Business Taxes Register today for a *Free* **Business Tax Diagnostic **from MKW. Minimize your taxes & free up cash to reinvest in your business.    [![Register Today](https://no-cache.hubspot.com/cta/default/188908/112b3553-5f0f-4ef0-9995-44e6c67ab59d.png)](http://cta-redirect.hubspot.com/cta/redirect/188908/112b3553-5f0f-4ef0-9995-44e6c67ab59d)