ERC is a government stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic. Established by the CARES Act, it is a refundable tax credit – that you can claim for your business.
As a business owner, you know that finding and retaining top talent is essential to the success of your company. But did you know that there’s a valuable tax credit available to help you keep your employees and grow your business? It’s called The Employee Retention Credit Program (ERC), and it’s a game-changer for businesses of all sizes.
The ERC is a tax credit that was introduced by the government as part of the CARES Act in response to the COVID-19 pandemic. It’s designed to help businesses retain their employees and stay afloat during challenging economic times. The ERC is available to businesses that have experienced a significant decline in revenue or were forced to close due to the pandemic.
The ERC provides businesses with a refundable tax credit of up to $26,000 per employee per quarter. This credit can be used to offset the cost of employee wages and healthcare benefits. The ERC can also be applied retroactively, which means that businesses can claim the credit for wages paid from March 2020 – 2025 onwards.
Not only does the ERC provide valuable tax savings for businesses, but it also helps to keep employees on board during difficult times. By providing financial incentives to keep employees on the payroll, businesses can maintain their workforce and avoid the costly process of hiring and training new employees.
The ERC can be a complex and confusing process, but our team of experts is here to help. We can guide you through the application process and help you determine if your business is eligible for the credit. Our goal is to help you unlock the full potential of The Employee Retention Credit Program and maximize your tax savings.
Don’t miss out on this valuable opportunity to save money and grow your business. Contact us today to schedule a free 15-minute call and learn more about how The Employee Retention Credit Program can help your business thrive.