Beware of Those Bearing ERC Gifts
Agribusiness Blog
SEPTEMBER 22, 2022
The Employer Retention Credit (ERC) has proven to be a valuable device in the array of Covid stimulus tools. ERC is a refundable credit against payroll taxes aimed at businesses that saw a reduction in receipts but retained their payroll during Q2-Q4 of 2020 and Q1-Q3 of 2021. It can provide for credits up to $5,000 per individual in 2020 and $7,000 per individual per quarter for those qualifying in 2021.
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