5 Simple Steps To Apply For Employee Retention Credit

 



Many small business employers are confused and curious about how the Employee Retention Credit (ERC) applies to their business. ERTC is a refundable rebate credit that a business can possibly claim on the qualified wages, such as health insurance costs paid to employees. In 2021, the employee Retention Credit allowed employers 70% of the total credit. This 70% is an increase from the previous credit, and it allows up to $10,000 of an employer’s qualified wage per quarter. The increase in credit is one such benefit that employers get. However, along with it, there are many other benefits that small businesses need to take advantage of before it ends.


Read More: How to apply Employee Retention Credit


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