erc-review

Difference Between Refundable And Nonrefundable Employee Retention Credit

Many businesses and organizations have faced unprecedented hardships and challenges as a result of the COVID-19 pandemic. Many employers faced decreased revenues, increased costs, and disruptions of operations as a result of lockdowns. The Employee Retention Tax Credit (ERC) is a refundable credit that employers can use to offset payroll costs. The ERC, which was …

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