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Home › Forums › Employment › Is there a caveat to the employee retention tax credit, or is it truly free?
I had my suspicions when the government initially launched the employee retention program. Is this a worthwhile scheme to apply for the development of your business?
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.