Are you aware that there is a Refundable Federal Payroll Tax Credit available, up to $19,000 per employee?
The number of employees a company has does not affect whether a company may claim the credit.
“The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll.”
I have been asked a lot of questions about this credit over the past year and am always reluctant to answer as I am not a tax expert. So today, we will bring the expert to you !! Please feel free to join us at noon EST today for four quick ten-minute talks about the various benefits of the recent stimulus act. There will be plenty of time for Q and A afterward. I am thrilled that my friend John Bly from Aprio will share his knowledge about the employee retention credit with us!!