Continuing Education for Practitioners and Accountants:
Looking to learn more about the Pitfalls of the Employee Retention Credit - DES has partnered with Earmark CPE to offer a 2hr CPE course talking about the common mistakes and essentials of this troubled but powerful incentive program.
What is the Employee Retention Credit?
The Employee Retention Tax Credit (ERC) in USA is a refundable tax credit designed to reward business owners for retaining employees throughout the COVID-19 pandemic. The Employee Retention Credit is available to both small- and mid-sized businesses. It was signed into law on March 27, 2020, as part of the CARES Act. The bill was significantly expanded in 2021.
Business owners impacted by COVID-19 can claim up to $5,000 in refundable tax credits for each employee on their payroll in 2020 and up to a $7,000 credit per quarter for each employee in 2021.
The best way to see if your company could be eligible is to
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