If your business was and continues to be affected by the COVID-19 pandemic and you continued to pay your employees, then you may be eligible for the Employee Retention Tax Credit. Both for-profit and non-profit entities are eligible for this refundable credit if you’ve experienced either:

1. the full or partial suspension of the operation of your trade or business during any calendar quarter because of governmental orders limiting commerce, travel or group meetings due to COVID-19, or
2. a significant decline in gross receipts.

If eligible, this could mean refundable credits up to $5,000 per employee for 2020 and $7,000 per employee, per quarter for 2021. 

Contact Nick Bruner, CPA, CFE, CVA at nbruner@rushtonandcompany.com or (770) 287-7800 to learn more and find out if you are eligible for this credit.