Overview of Employee Retention Credit The employee retention credit (ERC) was created as part of the CARES Act, and is designed to help employers keep their employees on payroll during the pandemic. The ERC provides a payroll tax credit of up to $5,000 per employee for qualified wages paid from March 13, 2020, through December […]
Continue readingOverview of Employee Retention Credit The Employee Retention Credit (ERC) was established as part of the CARES Act to help employers retain their employees during the COVID-19 pandemic. This credit helps employers who are experiencing economic hardship or shutdown due to the pandemic to continue paying employees and helps to offset some of the employer’s […]
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