COVID-19, Government Assistance for Employers, Tax Planning & Preparation

IRS: Employee Retention Credit Available for Many Businesses

The Internal Revenue Service has issued information about the Employee Retention Credit which is available to many businesses impacted by COVID-19.

In its recent release, the agency provides information about what types of businesses qualify, how the credit is calculated and how eligible employers receive credit. Click on the image below to access the full release.

 

 

Frequently Asked Questions about the Employee Retention Credit under the CARES Act can be found on IRS.gov. 

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