Employee Retention Credit Launched
IRS Tax Credit for Keeping Employees on Payroll
The Employee Retention Credit, announced March 31, encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. It is available to employers of all sizes except government offices and businesses that take Small Business Loans.
Read the Treasury news release >>
Find more information at the IRS Coronavirus Tax Relief Page >>