Get up to $26,000 per employee in stimulus funding.
The Employee Retention Tax Credits (ERC) was first introduced in the 2.1 trillion cares act back in March of 2020. It earmarked up to $26,000 per employee for business owners who kept employees hired during the pandemic.
This is a fully refundable tax credit against the employer portion of social security, payroll taxes or the Medicare tax, depending on the period you’re filing for, it’s paid to you directly via check. It’s not a loan. You don’t have to ask for forgiveness. You don’t have to pay it back. And you don’t need to use them for payroll or operating expenses. The ERC can be utilized at the discretion of the business.
To begin your process of qualifying your business for ERC money, contact your Business Boosters consultant today!
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