The Employee Retention Credit or ERC, which is a generous stimulus program designed to bolster those businesses that were able to retain their employees during this challenging time. Due to the extremely complex tax code and qualifications, it is severely underutilized. ERC QUALIFICATIONSWhile the general qualifications for the ERC program seem simple, the interpretation of each... Continue Reading →
The Employee Retention Credit
It's a credit associated with employment taxes, but it's based on wages you paid to your employees, so it's essentially rewarding you as an employer for keeping your people paid throughout the pandemic. Established by the CARES Act, the ERC is a refundable tax credit – a grant, not a loan – that a business can... Continue Reading →
Apply for employee retention credit ERTC: Easy Online Rebate Calculator
The employee retention credit (ERC) helps employers retain their employees and offset the cost of providing health care benefits during these difficult economic times. The ERC is a refundable tax credit against certain employment taxes equal to 50% of qualified wages paid from March 13, 2020 through December 31, 2020. Qualified wages are limited to... Continue Reading →