EMPLOYEE RETENTION TAX CREDIT (ERTC / ERC)

What is the ERC?

​

The Employee Retention Credit (ERC) was authorized under the CARES Act and encourages businesses to keep employees on the payroll.

 

• The 2020 ERC Program is a refundable tax credit of 50% of up to $10,000 in wages paid per employee from 3/13/2020 – 12/31/2020 by an eligible employer. THAT’S $5,000 PER EMPLOYEE!

• The 2021 ERC Program has increased to 70% of up to $10,000 in wages paid per employee per quarter for quarters 1, 2, and 3. THAT’S POTENTIALLY UP TO $21,000 PER EMPLOYEE!