The COVID-19 Pandemic has been a challenge for everyone. As the world shut down the economy came to a halt, leaving the future of many businesses in a precarious position. As we begin to find normalcy again, businesses now have to focus on recovering and fortunately, several government programs are easing this process.
One such program is the Employee Retention Credits or ERC, which is a generous stimulus program designed to bolster those businesses that were able to retain their employees during this challenging time. Due to the complex tax code rules, guidelines and qualifications, it is severely underutilized
Did you Receive a EIDL Loan or PPP Loan?
If you answered YES, to obtaining one or both of these SBA Loans, “Your Business Qualifies for the Payroll Tax Refunds your business paid in 2020 and 2021 for keeping people employed during the Pandemic.”