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.
Child care services and daycares have been profoundly impacted by the pandemic, and these services in Maryland, and beyond, have been able to claim the ERC to help maintain their payrolls and navigate through 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 August 30 at 1 pm to discuss the ERC, eligibility for the credit, and tax treatment.