A detailed look into the Employee Retention Credit (ERC) and why you likely qualify, even if your tax advisor said you do not. The Employee Retention Credit (ERC), part of the Coronavirus Aid, Relief and Economics Security (CARES) Act, was enacted in March of 2020. It was created to offset the costs of the pandemic on employers. Due to the CARES Act's timing and the ERC's vague language, many employers overlooked it. However, it is a massive tax credit for employers. it the pandemic impacted your business, you likely qualify for the ERC.
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