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Employee Retention Credit Available for Businesses Affected by COVID-19
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Employee Retention Credit Available for Businesses Affected by COVID-19

Coronavirus, Corporate Taxes, Employee Retention Payroll Tax Credit, IRS, Payroll, Self-Employed, Small Business, Tax Credits, Tax Tips, Taxes

Employee Retention Credit Available for Businesses Affected by COVID-19

This article was published by the IRS. The employee retention credit is designed to encourage businesses to keep employees on their payroll. The amount of the credit is 50% of qualified wages paid up to an annual limit of $10,000, which equals a maximum credit amount of $5,000 for each employee for the year. Who is [...]

cozbycpa2020-07-08T10:45:08-04:00July 8th, 2020|Categories: Coronavirus, Corporate Taxes, Employee Retention Payroll Tax Credit, IRS, Payroll, Self-Employed, Small Business, Tax Credits, Tax Tips, Taxes|Tags: Cozby & Company, Employee Retention Credit, how is the employee retention credit figured, Plymouth MA CPA Heather Cozby, who is eligible for the employee retention credit|