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:
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 firstname.lastname@example.org or (770) 287-7800 to learn more and find out if you are eligible for this credit.
Tax Tip Tuesday: Tip #76, Employee Retention Tax Credit
July 27, 2021