The Employee Retention Tax Credit (“ERTC”) was established as part of the CARES Act to provide employers with a refundable tax credit against employment taxes in the event of a pandemic. Subsequent legislation updated the Employee Retention Tax Credit standards, widening eligibility to include enterprises that obtained PPP loans and prolonging the credit through September 30, 2021. (For recovery start-up, Dec. 31st, 2021).
If your customers’ businesses were harmed as a result of the pandemic, they may qualify for the Employee Retention Tax Credit. Infinity Globus supports organizations throughout the ERTC process, from qualification to documentation and reconciliation and regulatory compliance.
How the Updated Employee Retention Credit Works?
But now comes the question WHY!? Why you should choose to outsource employee retention tax credit. And below listed are a few of the numerous reasons to outsource ERTC:
Tax credits stand among the highly useful ways to optimize your overall tax burden. They act as additional reductions on the regular taxes you pay. Since it is an extra...
When the pandemic wreaked havoc all over the world, the consequent economic downturn swelled the unemployment rate in America by more than 14 million. The number rose at...
