Top 5 ERC Myths Debunked

Employers could get up to $26,000 per employee in an Employee Retention Tax Credit (ERC). Since it’s a refundable tax credit, some employers are receiving their ERC as an advance. This could be a check in the mail for taxes already paid or credits that exceed their tax liabilities. Unfortunately, many organizations are mistakenly assuming they can’t participate in the program. These are the top five common myths that HR and payroll experts find that employers believe about the ERC.