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What is the Employee Retention Credit (ERC)? ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic. Established by the CARES Act, it is a refundable tax credit – a grant, not a loan – that you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees. #businessowner #franchisee #smallbusinesses #covid19 #pandemic #grant #taxcr
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How Do You Qualify For The ERC & What’s the Process?🤔 Hey there, I’m Mark Evans, a finance expert with years of experience helping business owners navigate the complicated world of finance and accounting. Today, I want to talk about the Employee Retention Credit (ERC) and how you can qualify for it. As a business owner, you may have heard about the ERC, but you might be confused about the qualifications and the application process. I’m here to break it down for you and help you understand how y
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