What is the Employee Retention Tax Credit? The Employee Retention Tax Credit (ERTC) was introduced as part of the CARES Act and included tax credits for businesses to retain employees during the pandemic. The ERTC is a refundable tax credit that can be claimed when eligible employers report their total qualified wages for purposes of the ERTC for each calendar quarter on their federal employment tax returns. Due to new legislation, employers can now retroactively obtain both a PPP loan AND claim the ERTC. How Much ERTC Stimulus Can You Receive? 2020 Retroactive Credits: 2021 Credits: How Can Asure Help? Current and new Asure clients can add on the ERTC filing service to their payroll service. If your company is eligible for ERTC, Asure can assist with calculating the credits and filing amended payroll tax returns that allow you to claim your credits with the IRS. With this service, Asure will take care of all of the following:
If you'd like help calculating ERTC wages and filing hte required amended returns to get your stimulus, go to www.asuresoftware.com/ERTC or watch the webinar "How the Updated Employee Retention Tax Credit Works and How to Get It". Request Free! |