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What is the Employee Retention Credit (ERC)?
What is the Employee Retention Credit (ERC)?

ERC aids businesses retaining employees during COVID-19, offering up to $26,000 per employee.

Updated over a week ago

COVID-19 has been a challenge for all of us. As the world shut down the economy came to a halt, leaving the future of many businesses in a precarious position. As we begin to find normalcy again, businesses now have to focus on recovering and fortunately, several government programs are easing this process.

One such program is the Employee Retention Credit or ERC, which is a generous stimulus program designed to bolster those businesses that were able to retain their employees during this challenging time. Due to extremely complex tax code and qualifications it is severely underutilized. Details of the program include:

  • Up to $26,000 per employee

  • Available for 2020 and 1st through 3rd quarters of 2021

  • Qualify with decreased revenue or COVID event

  • No limit on funding (ERC is not a loan)

  • ERC is a refundable tax credit

Want to Get Up to $26,000 per Employee
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