EMPLOYEE RETENTION CREDIT

•  The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. Eligible employers can get immediate access to the credit by reducing employment tax deposits they are otherwise required to make. Also, if the employer's employment tax deposits are not sufficient to cover the credit, the employer may get an advance payment from the IRS. 

• A new tax credit for employers impacted by COVID-19 shutdowns or hardships.

All businesses who were affected by the pandemic according to the guidelines of this CARES act may qualify.