Employee Retention Credit
COVID-19 has been a challenge for all of us. As the world shut down, the economy came to a halt, leaving the future of many businesses in a precarious position. As we begin to find normalcy again, businesses now must focus on recovering, and fortunately, several government programs are easing this process while you continue your current tax strategy.
One such program is 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.