Employee Retention Credit

The Employee Retention Credit (ERC) was created as part of the CARES Act to encourage businesses to continue paying employees by providing a credit to the eligible employer for wages paid to eligible employees. The ERC could be a valuable alternative for those who either did not apply or did not qualify for PPP and other emergency loans. Have questions about COVID-19 relief?

The credit is computed at a rate of 50% of qualified wages paid up to a maximum of $10,000 of wages resulting in a maximum credit of $5,000 per eligible employee.

Eligible Employers

An Eligible Employer (including all members of a control group) must either:

1. Have their operations fully or partially suspended due to orders from a governmental authority OR

2. Suffer a significant decline in gross revenue.

An Eligible Employer CANNOT be either:

1. A governmental employer OR

2. A recipient of a PPP loan.


KBKG Advantage

Discover why so many companies and accounting firms rely on KBKG for their tax incentive, credit and deduction planning needs.

As one of the premier service providers in the industry, we are passionate about helping business owners and accounting professionals across the country identify, claim and—when needed—defend their tax savings strategies. Our KBKG Advantage is the reason why clients turn to us time and time again for assistance. For superior teamwork, tailored service, and assurance backed by our KBKG Audit Guarantee, you can rely on KBKG. Learn more...

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