The ERTC (Employee retention tax credit) is a refundable payroll tax credit designed to help businesses impacted by COVID-19 retain their employees. It was signed into law on March 27, 2020, as part of the CARES Act.
How do I know if I’m eligible?
You can be eligible if you meet either one of two requirements:
1. Your company experienced a reduction in gross receipts.
2. You were subject to a government ordered mandate which forced your business to reduce operations.