cancel
Showing results for 
Search instead for 
Did you mean: 

$33,000 Tax Credit For Each Employee You Have !!!

Jump to solution
BIG NEWS FOR FARMERS! Employee Retention Credit Extended & Expanded
 
This tax credit is now worth $33,000 per employee!!!
 
See your tax credits in seconds at YourWotc.com
 
Live chat from 9am-5pm EST Mon-Fri
MONEY.jpg
0 Kudos
1 Solution

Accepted Solutions

Re: $33,000 Tax Credit For Each Employee You Have !!!

Jump to solution

The Employee Retention Credit ( ERC ) applies nationwide to  any US business that was affected by Covid, even in the slightest way. Congress set aside $5.1 trillion dollars in 2021 to help business owners recover and is not a grant, loan or PPP.

Note: The ERC was made available under section 3134 of the Internal Revenue Code (Code), enacted by section 9651 of the American Rescue Plan Act of 2021 (the ARP) and originally, it was $33,000 before being lowered in late 2021. Who knows when they might lower it again? 

Larry Potter
Specialized Senior Advisor
15173 North Rd - Suite 201
Fenton, MI 48430
Growth Management Group, LLC

View solution in original post

0 Kudos
6 Replies

Re: $33,000 Tax Credit For Each Employee You Have !!!

Jump to solution

Finally they started to think about farmers too!

0 Kudos

Re: $33,000 Tax Credit For Each Employee You Have !!!

Jump to solution

I hope any farmers or any business that issues W-2 forms to their employees will make use of this.

 

erc4business.com

0 Kudos
k-289
Esteemed Advisor

Re: $33,000 Tax Credit For Each Employee You Have !!!

Jump to solution

My  relatives that  monitor  ,  Environmental  Working  Group ,   will  disagree  - - -     

0 Kudos

Re: $33,000 Tax Credit For Each Employee You Have !!!

Jump to solution

Are you in the USA?

What is a incentive management system? Find out in 20 seconds at  erc4business.com

Larry Potter

0 Kudos

Re: $33,000 Tax Credit For Each Employee You Have !!!

Jump to solution

Let's first break down with you what employee retention is? It's the effort an organization makes to continue working with an employee for a longer period. The retention rate directly impacts business success, as does turnover. But, most business owners and firms sometimes run into difficulties and use a tax credit to resolve them. In this case, the tax credit is an investment credit, as borrowed financial resources are directed to the development and improvement of the business. Unfortunately, I found myself in the same difficult situation. Using the tax credit would not have helped either, as the credit for employee retention in our area was impossible to get. That's when I turned to Mortgage Advice Hull, whose help solved my numerous problems.

0 Kudos

Re: $33,000 Tax Credit For Each Employee You Have !!!

Jump to solution

The Employee Retention Credit ( ERC ) applies nationwide to  any US business that was affected by Covid, even in the slightest way. Congress set aside $5.1 trillion dollars in 2021 to help business owners recover and is not a grant, loan or PPP.

Note: The ERC was made available under section 3134 of the Internal Revenue Code (Code), enacted by section 9651 of the American Rescue Plan Act of 2021 (the ARP) and originally, it was $33,000 before being lowered in late 2021. Who knows when they might lower it again? 

Larry Potter
Specialized Senior Advisor
15173 North Rd - Suite 201
Fenton, MI 48430
Growth Management Group, LLC

0 Kudos