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Are you ready to maximize your financial potential and explore options that could significantly boost your savings? Discover how ERC Consult can be your gateway to substantial savings, and see these options that can transform your financial landscape today.
Understanding the Employee Retention Credit (ERC)
The Employee Retention Credit (ERC) is a valuable tax incentive designed to reward businesses for retaining employees during challenging economic periods. Originally introduced as part of the CARES Act in 2020, this credit provides businesses with a refundable tax credit for wages paid to employees. The ERC has undergone several modifications, making it even more accessible and beneficial for eligible businesses1.