When the coronavirus pandemic plagued America, businesses and employees alike were both faced with a lot of uncertainty. To keep up with costs, some companies had to cut down on their employee wages, which caused even more problems for American citizens across the nation. Not only did they face becoming sick, but they also were stripped of their viable sources of income.
To help with this, the government enacted the employee retention credit to encourage businesses to keep their employees on the payroll. If you were a business affected by the pandemic and you want to know if you qualify or how to calculate qualified wages for employee retention credit, you came to the right place. Below, we will cover all you need to know about the ERC, how to calculate employee retention credit, and who you can contact for additional guidance.
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