The Employee Retention Credit was a significant development from the most recent Stimulus Bill. Businesses can claim HUGE payroll tax credits if they have larger declines in income or have been impacted by a government lockdown order. These credits are claimed via payroll tax return filings and can oftentimes be tens of thousands of dollars.
- How to qualify?
- How does this interact with PPP loans?
- How to analyze credit amounts?
- How can I qualify in future quarters?