Employee Retention Tax Credit for Employers Subject to Closure Due to COVID-19

The CARES Act implemented the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.

Does my business qualify to receive the Employee Retention Credit?

For more information, contact John Rittichier at jrittichier@hsccpa.com or Mike Vogel at mvogel@hsccpa.com.

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