ERC Tax Credit Filing From ERC Specialists in Tenino, Washington, USA
Understanding the ERC Program in Tenino When it comes to tax credits, businesses in Tenino, Washington have an opportunity to take advantage of the Employee Retention Credit (ERC) program. This program was created to provide financial relief to businesses affected by the COVID-19 pandemic. By filing for ERC, businesses can receive a tax credit that can help them retain their employees and recover from the economic impact of the pandemic. What is ERC? The Employee Retention Credit (ERC) is a federal tax credit that was introduced as part of the CARES Act in March 2020. It was designed to incentivize businesses to retain their employees during the COVID-19 pandemic. The ERC allows eligible employers to claim a tax credit for a percentage of qualified wages paid to their employees. ERC…