The Employee Retention Credit (ERC)

What is the Employee Retention Credit?

ERC is a government stimulus aid program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.

Established by the CARES Act, it is a refundable tax credit – a grant, not a loan – that you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.

• Up to $26,000 per W2 employee
• Qualify with a change in business operations
• Qualify with decreased revenue
• Available for 2020 and the first 3 quarters of 2021
• No limit on funding
• ERC is a refundable tax credit, not a loan
• Qualify for ERC even if you already received PPP