Calling ALL Business Owners (especially Restaurants, Retail, Gyms & Salons) Did you know that your business now may be eligible for Employee Retention Tax Credits for 2020 & 2021 even if you received a PPP Loan?

The Internal Revenue Service is urging employers to take advantage of the newly-extended Employee Retention Credit (ERC), designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll.

In other words, your business may now be eligible for a bigger payroll tax credit.

We strongly recommend that you work with a Certified Public Accountant (CPA) to navigate the new opportunity – both retroactive to 2020 and the first two quarters of 2021. If you are unable to use a CPA we recommend contacting any local business development center for assistance, such as the Salt Lake City Small Business Development Center, Suazo Business Center, or Utah Women’s Business Center.

What changed?

Continue reading the article here: https://slcecondev.com/2021/02/11/employers-can-now-claim-newly-extended-employee-retention-covid-tax-credit/