Many businesses and nonprofits struggling to recover from the pandemic. The Employee Retention Tax Credit (ERC), a refundable and advanceable, tax credit, could bring significant financial relief to both businesses and nonprofit organizations. MP’s HR and payroll experts have been helping hundreds of businesses claim their maximum ERC. These funds (sometimes an ERC could be up to $1 million) could mean the difference between shutting down the business or reaching new levels of growth. MP’s HR services experts offer three methods for employers to determine if they are eligible to claim an ERC. Read the article to:
• Find out whether a business that received PPP loans can also claim an ERC
• Learn what revenue losses a business must demonstrate to claim an ERC
• Discover simple questions that could help determine eligibility for an ERC
Read the article.