By Choose Liberal on May 4, 2020
The IRS has announced a new program concerning employee retention credits. The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after 3/12/20 and before 1/1/21. Eligible employers can get immediate access to credit by reducing employment tax deposits they are otherwise required to make. See information on highlighted link!