How the Employee Retention Credit Can Help Your Business
Let's talk about ERC
By Randy Pumputis
Payroll/HR Hospitality Professional
Heartland Payroll
With many Entrepreneurs making their way to the Sunshine State, there are many opportunities available to assist with their operations, continued success and retention of valuable staff. Let's talk about ERC the Employee Retention Credit and how it can help your business.
The Coronavirus Aid, Relief, and Economic Security (CARES Act) was signed into legislation to provide economic relief to employers and employees as a result of the COVID-19 pandemic. One part of the act is the Employee Retention Credit.
In 2020, the Employee Retention Credit was offered as a refundable tax credit to be used against certain employment taxes. It has been modified and expanded into 2021 with the Consolidated Appropriations Act and the American Rescue Plan. Note the highlights below........Read Full Article
