The Employee Retention Credit (ERC) was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, in March 2020. It was intended to help businesses retain their workforces and avoid layoffs during the coronavirus pandemic. It provides a per employee credit to eligible businesses based on a percentage of qualified wages and health insurance benefits paid to employees. It works as a refundable payroll tax credit claimed quarterly, and it can provide reductions to payroll taxes or
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Employee Retention Credit financial reporting & disclosure examples
Dec 21, 2021 · 264.8 KB Download
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Download the CPEA report: Employee Retention Credit (ERC) financial reporting & disclosure examples
File name: CPEA December 2021 report – Employee Retention Credit - Financial Reporting and Disclosure Examples.pdf
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