Don’t Overlook CARES Act Tax Credit for Retaining Employees During Pandemic
The employee retention credit (ERC) is a fully refundable tax credit against payroll taxes originally enacted as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Its purpose was to encourage employers to continue paying employees despite financial hardship caused by the COVID-19 pandemic. Even if your quarterly Forms 941 (the federal tax […]