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Posts tagged as “Consolidated Appropriations Act”

Employee Retention Tax Credit – The Little Known Tax Benefit


If your business was impacted by COVID-19, there is a significant amount of unclaimed money quite possibly waiting for you.  The amount is up to $26,000 PER EMPLOYEE.  But why have you not heard of this? Back when the CARES Act was signed by the President on March 27, 2020, COVID-19 was expected to be short-lived (remember the “15 Days to Slow the Spread” plan?) thus, the benefits were to provide short-term relief.  There were a few different major benefits in that Act, but a business was only able to select one.  This included the Paycheck Protection Program (PPP), the…