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You may be wondering, what exactly is the Employee Retention Credit all about?

The Employee Retention Credit (ERC) is a government program enacted by the Coronavirus Aid, Relief, and Economic Security (CARES) Act that allows businesses that were negatively impacted by the COVID-19 Pandemic to qualify for a refundable payroll tax credit. Businesses can be eligible for up to $26,000 per employee retained during the pandemic. 
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The Employee Retention Credit is NOT A LOAN, which means it does not need to be paid back or forgiven. The funding is issued in form of a Check from the Department of Treasury. Businesses are still eligible to receive these credits even if they received PPP loans.

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If your business experienced any of the following due to the COVID-19 Pandemic, you may qualify for the ERC:

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Capacity Limits

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Shutdowns (Partial or Full)

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Supply Chain Distruption

Increase in Sanitation Requirements

Inability to Access Euipment

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