Employee Retention Tax Credit: What You Need to Know
1:00 pm - 2:00 pm
Don’t overlook your potential employee retention tax credit refund.
The federal Consolidated Appropriations Act, signed into law at the end of 2020, extended the Employee Retention Tax Credit through December 31, 2021.
The pandemic relief measure is a refundable tax credit against certain employment taxes equal to 70% of qualified wages with a maximum of $10,000 per employee per quarter with an annual limit of $28,000 per employee for 2021.
These credits provide an immediate cash infusion into eligible businesses and organizations.
Join Whittlesey’s Brian Kerrigan and Brenden Healy for an overview of ERCs.