What the IRS has to say regarding employee retention credit

The Internal Revenue Service says the Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.

• Employee Retention Credit  
• Coronavirus Tax Relief
• New Employer Tax Credits
• Department of Labor’s COVID-19 and the American Workplace
• Small Business Administration’s Paycheck Protection Program