Description: Employee Retention Tax Credit Covid-19
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Many employers are unaware they are eligible for special tax relief created for the covid-19 pandemic. The C ovid-19 Employee Retention Credit (ERC) is worth up to $26,000 per employee when a business qualifies. That means, for example, that a small business with 10 employees could qualify for up to $260,000. It sounds like a lot (and it is), but it's also realistic.
ERC is a fully refundable tax credit. That means if you qualify, you receive a tax refund check from the U.S. Treasury.