What is ERC?
The Employee Retention Credit (ERC) is a government-sponsored stimulus program established by the CAREST Act. It was designed to incentivize small and mid-sized businesses to retain employees during the COVID-19 pandemic. ERC can provide your business with up to $26,000 in tax credits per employee for 2020 and 2021. If your business retained employees during the COVID-19 shutdowns, you could be eligible for this tax credit.
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