Employee Retention Tax Credit

Jul 26, 2022 | Business Taxes, Corporations, Internal Revenue Service (IRS), Partnerships & LLC’s, Payroll, S Corporations, Small Businesses

The Employee Retention Tax Credit is a refundable tax credit for small businesses financially impacted by the COVID-19 pandemic. It was designed to encourage businesses to keep their employees on payroll through the government shutdowns and other difficulties that arose during 2020 and 2021.