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

The CARES Act provides for a credit against old age, survivors and disability insurance (OASDI) taxes or Tier 1 Railroad Retirement excise taxes for businesses to use to offset the effects of COVID-19 related business issues. The credit will be available to all qualified employers that either had to suspend operations or had a significant … Continue reading Employee Retention Tax Credit for Employers Subject to Closure Due to COVID-19