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The Employee Retention Tax Credit (ERC): What Small Businesses Need to Know

What Is It?

The ERC is a refundable and advanceable tax credit for small businesses based on the number of qualifying employees.

If eligible, businesses can claim the ERC for qualifying wages paid during March 13, 2020 – December 31, 2021.
This means the credit is available for wages paid in the following quarters:
2020 – Final few weeks of Q1. Fully for Q2, Q3, and Q4
2021 – All 4 quarters.

Read the entire article here.

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