About the Employee Retention Credit

The Consolidated Appropriations Act (CAA) included a credit or refund opportunity that might allow some businesses the ability to claim a per-employee credit of up to $5,000 in 2020 and $14,000 through June 30th, 2021. This was further expanded within the American Rescue Plan Act (ARPA) to include the second half of 2021, for an additional $14,000 per employee. Employers (including tax-exempt organizations) are eligible if they have either:

• Fully or partially suspended operation during any calendar quarter in 2020 or 2021 due to orders from an appropriate governmental authority limiting commerce, travel, or group meetings (for commercial, social, religious, or other purposes) OR

• Experienced a significant decline in gross receipts during the calendar quarter.

Eric Monks, President of PayFWDs (local payroll and human resources company) will share the basics of the program, giving some examples and answer questions about your own situations in this informative webinar.