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The Employee Retention Tax Credit (ERTC or ERC), established under the CARES Act, was designed to incentivize businesses to retain employees by offering a tax credit for wages paid to eligible employees. This refundable credit applies to wages paid between March 13, 2020, and September 30, 2021, and can be claimed even by businesses that received PPP loans. Additionally, businesses that launched after February 15, 2020, may qualify for up to $100,000 in credits for wages paid between July 1, 2021, and December 31, 2021.
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Linda@setcpros.com | Las Vegas, NV | 702-513-3028
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