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The Employee Retention Credit ( ERC ), sometimes called the Employee Retention Tax Credit ( ERTC ), [1] is a U.S. federal tax credit that was available to certain employers, most recently during the COVID-19 pandemic. It was originally designed to help employers who were not eligible for a Paycheck Protection Program loan, but it was later ...
Record retention. Each business must keep documentation related to the PPP loan for a minimum of six years after the date its PPP loan is forgiven or the date the PPP loan is paid in full, whichever is later. The business must send the documentation to the Small Business Administration and its inspector general upon request. The Small Business ...
Employee retention is the ability of an organization to retain its employees and ensure sustainability. Employee retention can be represented by a simple statistic (for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period).
Although swaths of the economy grounded to a halt in 2020 because of the COVID-19 pandemic, governments across the world worked to keep businesses afloat. In the United States, the Employee ...
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Make the extra check last throughout the year. Based on the example mentioned earlier, you could divide that additional $2,600 by 12 for about an extra $217 a month. In the meantime, your money ...
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