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FAQs: Employee Retention Credit under the CARES Act
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FAQs: Employee Retention Credit under the CARES Act

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

FAQs: Employee Retention Credit under the CARES Act

This article was published by the IRS. The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. Frequently Asked Questions General Information Determining Which Employers [...]

cozbycpa2020-06-17T11:44:45-04:00June 17th, 2020|Categories: Coronavirus, Corporate Taxes, Employee Retention Payroll Tax Credit, IRS, Payroll, Self-Employed, Small Business, Tax Credits, Tax Tips, Taxes|Tags: CARES Act, coronavirus tax relief, Cozby & Company, determining qualified wages, Employee Retention Credit, new employer tax credits, Paycheck Protection Program, Plymouth MA CPA Heather Cozby, who is eligible to claim the Employee Retention Credit|