Many employers are unaware of the Employee Retention Tax Credit (ERC or ERTC) or mistakenly assume they don’t qualify. Even employers that received Paycheck Protection Program (PPP) loans are claiming ERCs of thousands of dollars– some are claiming an ERC of $1 million or more. With assistance from HR and payroll experts like MP, the ERC process is simple and takes less than an hour for employers. In part two of this series (read part one here), MP’s HR services experts share four reminders about this substantial financial aid program. Read the article to:
• Find out how long to keep records of payroll data for an ERC claim
• Discover how long it takes to recoup ERC funds
• Learn how PPP loans affect an ERC claim
• Get tips for reducing the risk of an audit when claiming an ERC
Read the article.