Did you know you can still claim the Employee Retention Credit (ERC), going all the way back to Q1 2020? This is true even if you received a PPP Loan!
Similar to PPP, the Employee Retention Credit is a form of Covid relief that was created to help businesses and incentivize them to keep their workers employed. This refundable credit is worth up to $26,000 per employee.
The business community has been profoundly impacted by the pandemic, and businesses in Virginia, and beyond, have been able to claim the ERC to help maintain their payrolls and navigate the uncertainty. Even if your revenue didn’t drop, you may have experienced a partial suspension in operations that would make you eligible.
Join our speakers, Rebecca Sheppard, Esq., and Peter Haukebo, Esq., on May 11 at 12 pm to discuss the ERC, eligibility for the credit, and tax treatment.