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How Coronavirus-Impacted Businesses Can Use the Employee Retention Tax Credit


Posted date: Feb 8, 2021

by: Admin My Local Life
134 Views
Businesses seem to be confused or unaware of the ERTC, perhaps because, prior to the new bill in December, you couldn't do both the PPP and the ERTC - now you can. The recent bill also raised the allowable credit from 50% to 70%.

The employers can even request the funds in advance, with IRS form 7200. Employers need to work with their accountant and/or payroll provider for the credit and advance.

The U.S. Chamber of Commerce has a great article:

https://www.uschamber.com/co/start/strategy/coronavirus-employee-retention-tax-credit-guide
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