80% of businesses that apply qualify!
What is the Employee Retention Credit (ERC)
ERC is a payroll tax refund credit born out of the same COVID relief bill as PPP which incentivizes employers to have kept employees on payroll through the pandemic. In 2020, Congress deemed eligible employers could only receive either PPP or ERC funds. Most all businesses chose PPP, so in early 2021, Congress decided to allow all eligible employers, whether they received PPP funds or not, to claim this credit in the form of a refund.
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