Can your business benefit from the enhanced Employee Retention Tax Credit?
- January 28, 2021
- Posted by: Jen Gostovic
- Category: Tax, Tax Legislation
COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable Employee Retention Tax Credit (ERTC), which was extended and enhanced in the latest law. Background on the credit The CARES Act, enacted in March of 2020, created the ERTC. The credit: