Employee Retention Credit (ERC) Explained

The Employee Retention Credit (ERC) is a payroll tax refund. It was passed by Congress via the CARES Act to provide financial support to businesses that held-on-tight and fought-like-hell during the early years of Covid-19.

 

Simply put, you employed people when a lot of companies could not.   

ERC is the Government's way of saying, "THANK YOU."