What is the Employee Retention Credit?

December 28, 2022 United States, Michigan, Ferrysburg 17


ERC is a government stimulus aid program
designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.

Established by the CARES Act, it is a refundable tax credit - a grant, not a loan - that you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.

  • Up to $26,000 per W2 employee
  • Qualify with a change in business operations
  • Qualify with decreased revenue
  • Available for 2020 and the first 3 quarters of 2021
  • No limit on funding
  • ERC is a refundable tax credit, not a loan
  • Qualify for ERC even if you already received PPP

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