Employee Retention Credit (ERC)
Employee Retention Credit (ERC)
![Employee Retention Credit (ERC)](https://www.rsasolutions.com/wp-content/uploads/2021/11/Employee_Tax_Credit.jpg)
You may or may not have heard about the Employee Retention Credit (ERC), one of the CARES act programs that helps small businesses affected by COVID-19. The ERC can get your company up to $26,000 per W-2 employee.
Claiming the credit requires advanced knowledge in both taxation and payroll, so many CPAs and accountants are not aiding their clients in obtaining these funds. There are a number of ways to qualify including, but not limited to; materials disruptions, COVID related shutdown or restrictions, reduction in revenue, restriction of gatherings.