ERC Tax Credit Filing From ERC Specialists in Rocky Point, Washington
The ERC program, also known as the Employee Retention Credit, is a tax credit designed to provide financial relief to businesses affected by the COVID-19 pandemic. This program aims to encourage employers to retain their employees and continue paying wages during these challenging times. If you are a business owner in Rocky Point, Washington, it is crucial to understand the ERC program, its qualifications, and how to file for this tax credit. Understanding the ERC Program The Employee Retention Credit (ERC) is a provision of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law in March 2020. This program was later expanded and extended by the Consolidated Appropriations Act, 2021, and the American Rescue Plan Act, 2021. The ERC offers eligible employers a refundable tax credit against…