The Employee Retention Credit, introduced under the 2020 CARES Act, provided relief to businesses that experienced a partial or complete shutdown due to the pandemic by providing a credit based on qualified wages paid to employees. ERC benefits expanded through 2021 under the Consolidated Appropriations Act and the American Rescue Plan Act but a number of questions still remain. This includes some uncertainty surrounding how to properly determine eligibility, interaction with the Paycheck Protection Program, and how to claim the credit.
On Wednesday, March 31, from 11 am to 12 noon, join Councilor, Buchanan & Mitchell, P.C. for an in-depth discussion of the ERC. Senior Vice President John Comunale and Tax Supervisor Tom Hudson will address: