The Employee Retention Tax Credit (ERTC) is a fully refundable tax credit for employers, recently extended through the end of 2021.
Richard Warner, tax partner, has prepared a brief summary highlighting key facts of the ERTC:
- Eligibility
- Employee threshold count
- Qualified wages plus insurance costs
- ERTC eligibility when PPP loans have been received
- How to claim the ERTC credit
- Necessary documentation
Please read the summary, then contact Smith Dickson if you have any questions.