Employee Retention Credit: What you Need to Know
Employee retention credits (ERC or ERTC) have historically been deployed as a policy tool to provide disaster tax relief. The goal has been to reduce the employers’ cost of keeping employees on their payrolls during the disaster recovery period. During the COVID-19 Pandemic, the ERC has been reintroduced, modified, enhanced and extended. Due to the potential significance of the credit, employers are urged to evaluate the ERC based on current law, issued guidance and their unique facts and circumstances.
For the full information on the Employee Retention Credit, please CLICK HERE.