The Employee Retention Credit Made Simple
Congress introduced the Employee Retention Credit (ERC) as part of the CARES Act as a refundable tax credit designed to help businesses affected by the pandemic.
Unlike a loan, the ERC is a grant that you’ll never need to pay back. Already received PPP? No problem – you may still be eligible to receive the Employee Retention Credit. Have any questions? Keep reading or contact us today.
Do I Qualify?
If you have 500 or fewer employees and your business was hurt by COVID-19, there’s a good chance you qualify. Some of the ways you can qualify include (but are not limited to):