The Employee Retention Credit (ERC) is a refundable tax credit of 50% of up to $10,000 in wages paid per employee from 3/12/20-12/31/20 by an eligible employer. THAT'S $5,000 PER EMPLOYEE!
The 2021 ERC Program has increased 70% up to $10,000 in wages per paid employee per quarter. THAT'S UP TO $28,000 PER EMPLOYEE!
The official IRS FAQ Site can be found here. Pay special attention to Notice 2021-20.
“Stephen attended UNC-Chapel Hill where he obtained his B.S. in Business Administration. He received his Master's in Accounting from UNC Charlotte and is the founder of 1095EZ Online and ERC Today. Stephen also serves as Chairman of the Huntersville Town Planning Board.”
“Andrea received her B.S. in Business and MBA with emphasis in Accounting from Winthrop University. After working as Controller for a pair of small businesses, she is now the fractional CFO for dozens of SwanickCPA clients. She is also Chair of the Stewardship Committee at First Baptist Church of Huntersville and Treasurer for the Huntersville Chamber of Commerce. ”
“As Chief Revenue Officer, John oversees company strategy, sales, partnerships, and business development. A graduate of Chowan University, John spent over 17 years with ADP where he developed strategic partnerships for the organization and helped thousands of ADP's clients adopt and improve workforce automation. ”
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