Businesses have until April 15, 2024 to apply for the ERC tax credit!
The Employee Retention Credit (ERC) is a tax credit created under the CARES Act in 2020, expanded through the Consolidated Appropriations Act of 2021, and further through the American Rescue Plan Act of 2021. The ERC Tax Credit is a refundable payroll tax credit for employee salaries, wages, and healthcare insurance, offered as a relief measure to encourage businesses to keep employees on their payroll.