Tag: Employee Rention Credit (ERC)
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What is the Employee Retention Credit? (ERC)
The Employee Retention Credit (ERC), also known as the Employee Retention Tax Credit or ERTC, is a refundable tax credit designed for eligible businesses and tax-exempt organizations that had employees and were affected during the COVID-19 pandemic. Here’s a detailed overview: Overview Eligibility Criteria Credit Calculation Limitations Claiming the Credit Voluntary Disclosure Program This credit…