You could be entitled to tax credits

by admin March 2, 2021 No Comment

You could be entitled to tax credits The CARES Act and Consolidated Appropriations Act, 2021 allows eligible businesses to claim an Employee Retention Credit (ERC) to encourage businesses to keep employees on their payroll. Subsequent legislation, like the Taxpayer Certainty and Disaster Tax Relief Act of 2020, amends and extends the benefits of the ERC (along with the availability of advance payments), has provided more opportunity for businesses to capitalize on the relief funding being provided. The original CARES Act was written to reimburse 50% of the first $10k in employee wages and qualified health plan expenses that were earned