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omega-accounting.com
Your Complete Guide to the Employee Retention Credit (ERC)
ERC tax credits provide pandemic relief to businesses that paid employees during COVID. See if you qualify, how much money you may get, and when to apply for an ERC refund.
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What is the Employee Retention Credit (ERC)? ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic. Established by the CARES Act, it is a refundable tax credit – a grant, not a loan – that you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees. #businessowner #franchisee #smallbusinesses #covid19 #pandemic #grant #taxcr
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