Are you aware there is an additional cash flow resource available to many businesses relating to the Pandemic? This resource is called the Employee Retention Credit (ERC) and if you are a qualifying business that meets the requirements of the ERC, the credit can be rather large. The concept of the ERC is rather simple but the calculations could be complex. The ERC is a refund of employer payroll taxes paid in qualifying quarters based on the following criteria:
The ERC is a pure cash return of payroll taxes paid. To learn more about the details of the ERC, how to calculate the determination of qualification and the quarters that would apply to your business, join our expert from McKonly and Asbury Mark Heath , CPA as he discusses the details of the ERC. Mr. Heath is a Partner and the Director of Tax Services for McKonly and Asbury and leads the firms ERC practice in which the firm has helped numerous businesses apply for and receive the ERC. Join Mr. Heath for this timely discussion. Don’t miss out on this opportunity!