What's Up Media: The Employee Retention Credit

The Employee Retention Credit is claimed by amending a business's quarterly IRS payroll tax returns and is based on the wages the business paid to its employees during 2020 and 2021. A business may be eligible for the credit if a government order limited its operations by forcing the business to close, required capacity restrictions, or otherwise restricted its business functions. A business may also be eligible for the ERC if it had a significant decline in revenue in any quarter, since the beginning of the pandemic through the third quarter of 2021.

Join our Special Credits Partners, Rebecca Sheppard, Esq., and Peter Haukebo, Esq., as they discuss the ins and outs of ERC including being audited by the IRS. Tune in on May 25 at 11 am.