The Employee Retention Tax Credit was created by the CARES Act. In short form, it is known as ERC or Tax Credit for Employee Retention employers during the COVID-19 pandemic.
It is an economic stimulus program that rewards business owners both essential and non-essential and kept W2 employees on their payroll in 2020 and or 2021. This is an IRS employee retention credit for employers which are 80% plus of all businesses in the US.
If you are a business that needed to shift, pivot and had to implement some type of safety measure or has COVID-related disruptions, or government restrictions that affected your business throughout 2020 and or 2021, you are eligible for the CARES ACT Employee Retention Credit.
It is earmarked up to the $26,000 per employee for business owners who kept employees hired during the pandemic.
Let’s Get Your ERC Credits! We are an agency of experts that help business owners claim their Employee Retention Tax Credit with the IRS.