The Employee Retention Tax Credit (ERC) has quickly become a hot topic in the past few months, thanks to the significant possible benefits that it offers to employers. The IRS continues to provide guidance that clears up some of the more ambiguous points of the credit. As a result, many employers that initially concluded that they did not qualify are now finding that they do in fact meet the eligibility requirements. One significant change is that an organization can take the ERC even if it received PPP funds.
Read the full article for a brief overview of how to qualify for the credit, how to claim the credit, and the benefits offered for 2020 and 2021.