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Authorized under the CARES Act, the Employee Retention Tax Credit (ERC) is a program for eligible Employers who may have operated a trade or business during calendar year 2020 and 2021 and have experienced full or partial suspensions of operations or a significant decline in gross receipts. The Employee Retention Credit has different variables than what we have seen with the recent disbursements of the PPP Loans.
By Yvette AitkensAuthorized under the CARES Act, the Employee Retention Tax Credit (ERC) is a program for eligible Employers who may have operated a trade or business during calendar year 2020 and 2021 and have experienced full or partial suspensions of operations or a significant decline in gross receipts. The Employee Retention Credit has different variables than what we have seen with the recent disbursements of the PPP Loans.