Client Advisor August 2021

Employee Retention Credit: Can You Qualify for Big Money?

The Employee Retention Tax Credit (ERTC) is a fully refundable tax credit for employers, recently extended through the end of 2021.

Richard Warner, tax partner, has prepared a brief summary highlighting key facts of the ERTC:

• Eligibility
• Employee threshold count
• Qualified wages plus insurance costs
• ERTC eligibility when PPP loans have been received
• How to claim the ERTC credit
• Necessary documentation

Please read the summary , then contact Smith Dickson if you have any questions.