The Coronavirus pandemic brought a myriad of changes to how businesses operate, and with that came legislation that made changes to the tax code and the credits available to businesses. One of those acts is the “ Consolidated Appropriations Act, 2021 ” (“CAA”), which created a path for relief for a variety of businesses, health care service providers, and other entities impacted by the pandemic. One such opportunity afforded to qualified businesses is the Employee Retention Credit (“ERC”). Originally created as part of the CARES Act and strengthened as part of the CAA, the ERC still has many nuances that can be difficult for employers to navigate. In this blog, we answer some of the most frequently asked questions about this valuable credit.
From there, you’ll get a better understanding of what funds your organization will qualify for. Here at ERC Specialists, we’re passionate about helping small businesses navigate these difficult times and stressful processes. Contact our team for individualized help with the Employee Retention Credit, we’re here to help!
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