ERC Tax Credit Filing From ERC Specialists in National City, California
Understanding the ERC Program and How it Benefits National City Businesses The Employee Retention Credit (ERC) program has been a lifeline for businesses across the United States, including National City, California. This tax credit, introduced as part of the CARES Act in response to the COVID-19 pandemic, aims to provide financial relief to eligible businesses by offering tax credits for retaining employees during challenging times. What is ERC? The Employee Retention Credit (ERC) is a refundable tax credit that was initially introduced to encourage businesses to keep employees on their payroll during the COVID-19 pandemic. The credit is available to eligible employers who experienced a significant decline in gross receipts or were subject to a full or partial suspension of operations due to government orders. ERC is designed to help…