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Reply To: Is there a caveat to the employee retention tax credit, or is it truly free?

Reply To: Is there a caveat to the employee retention tax credit, or is it truly free?

Home › Forums › Employment › Is there a caveat to the employee retention tax credit, or is it truly free? › Reply To: Is there a caveat to the employee retention tax credit, or is it truly free?

April 5, 2023 at 5:36 am #22754
William
Guest

In contrast to other nations, the pandemic resulted in literal deaths. The US government nevertheless developed these fantastic tax credits for employee retention. The ERTC program’s beauty lies in the following:

1. It is a cash credit rather than a loan and cannot be repaid;
2. The usage of the cash credit is unrestricted;
3. Even if you received a PPP loan, your company is still qualified.

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