What is the Employee Retention Credit (ERC)?
What is the Employee Retention Credit? The Employee Retention Credit (ERC) is a fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that Eligible Employers pay their employees.
Visit: ✅ Employee-Retention-Credit.info to learn about the employee retention credit (ERC) deadline and qualifications
The employee retention credit is a payroll tax credit that already has granted millions of dollars in cash and credits that are refundable to employers working in resort and hospitality industries such as hotels and restaurants.
What exactly is the ERC?
The Employee Retention Credit under the CARES Act encourages businesses to retain workers on payroll. The tax credit is refundable. The tax credit is 50% of the amount of wages that are paid by an employer that is eligible who has had their business financially affected by COVID-19.
✅ FREE Resources: Employee-Retention-Credit.info
Here are a few businesses we have helped with their employee retention tax credit
Check out more of the employee retention credit frequently asked questions -
Employee Retention Credit FAQ
Employee Retention Credit for Dental Practices
Employee Retention Credit for Physician Practices and Medical Offices
Employee Retention Credit for Construction Companies and Home Improvement Service Businesses
Employee Retention Credit for Restaurants and Hotels
Employee Retention Credit for Staffing Firms
Employee Retention Tax Credit
Employee Retention Credit
More Info: irs.gov/newsroom/covid-19-related-employee-retention-credits-general-information-faqs#:~:text=1.,Eligible%20Employers%20pay%20their%20employees.