Coronavirus Tax Credits: What You Should Know About Employer Retention & Families First Credits


The Employee Retention Tax Credit(ERTC)is an arrangement in the CARES Act that offers a tax credit to certified employers. There are some differences in how your credit is computed based on your service’ number of workers. You can claim 50% of these earnings per staff member– a credit of $5,000/ staff member. Thirty employees are not working however are still getting pay, and each staff member is making $5,000 during this period. Companies can declare both the ERTC and FFCRA tax credits for qualified workers.

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