The coronavirus has negatively affected many businesses nationwide. Therefore, a number of coronavirus payroll tax credits were made available to help employers out. One option that is still available is the Employee Retention Credit (ERC).
What is the Employee Retention Credit?
The ERC is a CARES Act (The Coronavirus Aid, Relief, and Economic Security Act) relief measure for businesses. It is a fully refundable tax credit that eligible employers, who were able to keep employees on payroll, can…