How the Employee Retention Credit Works
The Employee Retention Credit (ERC) is a tax credit from the Internal Revenue Service (IRS) that business owners who pay employees may be eligible for. The ERC was originally a government order under the U.S. Congress’s CARES Act, which was the Coronavirus aid package. Not all businesses are eligible for the ERC — you’ll need to prove you went through a significant decline or suspension of operations. This article explores how the ERC credit works, how a small employer can… Read More