ERC is a refundable payroll tax credit. Born out of the same CARES Act as PPP, its aim is to provide economic relief for small and medium businesses who retained employees during the COVID-19 pandemic. Initially, eligible employers could only take either PPP, or ERC. In 2021, as part of the Consolidated Appropriations Act, Congress amended this provision, allowing businesses to apply for both.

What is the ERC?

jwarner2022-10-14T18:06:07+00:00October 14th, 2022|

I’m Not Familiar With The Employee Retention Credit. What Is It?

jwarner2023-03-23T20:24:06+00:00October 14th, 2022|

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Q: I'm Not Familiar With The Employee Retention Credit. What Is It?

The Employee Retention Credit (ERC) is a refundable payroll tax credit. Born out of the same CARES Act as PPP, its aim is to provide economic relief for small and medium businesses who retained employees during the COVID-19 pandemic. Initially, eligible employers could only take either PPP, or ERC. In 2021, as part of the Consolidated Appropriations Act, Congress amended this provision, allowing businesses to apply for both.

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What is the ERC?

I’m Not Familiar With The Employee Retention Credit. What Is It?

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