Press release
Paychex Wins 2023 Stevie Award for ERTC Service
The company helps businesses impacted by the COVID-19 pandemic receive access to government funding ROCHESTER, N.Y., March 6, 2023 /PRNewswire/ -- Paychex,
About this update from Paychex, Inc.
[{"type":"text","content":"The company helps businesses impacted by the COVID-19 pandemic receive access to government funding \nROCHESTER, N.Y., March 6, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has won a bronze Stevie® Award for the company's Employee Retention Tax Credit (ERTC) Service. A panel of judges selected the Paychex ERTC Service, which helps eligible businesses retroactively identify tax credits and file amended returns based on wages paid in 2020 and 2021, within the Most Valuable Response by a Business Development Team During the Pandemic category. This recognition marks the company's seventh consecutive year as a Stevie Award winner.\n\n \n \n \n \n \n \n\n \nPresented annually, this year's Stevie Awards competition received more than 2,300 nominations from organizations in 49 nations of all sizes and industries. Winners were evaluated and determined by the average scores of more than 170 professionals worldwide on eight specialized judging committees.\n\"It's an honor to receive a Stevie Award for the positive impact our ERTC Service is having on American businesses that are still recovering from the challenges presented by the COVID-19 pandemic,\" said John Gibson, president and CEO of Paychex. \"Through this service, eligible Paychex customers have received significant funding that is directly going back into the bank accounts of each business— relief that is vital as businesses deal with inflationary pressures. Paychex will continue to advocate for the business community and offer solutions that help meet the needs of our customers.\"\nPaychex ERTC Service was introduced in June 2021 to help businesses retroactively identify the tax credits available to them for qualified wages and health plan expenses paid on behalf of employees in 2020 and 2021. An employer may be eligible for ERTC (1) if business operations were partially or fully suspended under government orders, or (2) if a business experienced a significant decline in gross receipts, or (3) if the business is considered a Recovery Startup Business. Due to the complexity of the program, which was part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Paychex recognized that many business owners were struggling to understand if the...