04/30/2023
https://www.irs.gov/newsroom/new-law-extends-covid-tax-credit-for-employers-who-keep-workers-on-payroll?fbclid=IwAR1-H69-HGorIH8tEl8zmIRtrXZWFTqfEqrL6_Q7cRdwPjZvxbpTgPtZFqY
Hey everyone, just wanted to share this link with you all because it is incredibly helpful for so many businesses out there! The link is about a new law that extends the COVID tax credit (ERC) for employers who keep workers on payroll.
This means that businesses who have been impacted by the pandemic and are struggling to keep their employees on the payroll can receive tax credits to help cover those costs.
This is great news for businesses of all sizes, as it could help them stay afloat during these challenging times.
I encourage everyone to take a look at the link and share it with any business owners you know who could benefit from this information. Let's help spread the word and support our local businesses during this time!
IR-2021-21, January 26, 2021 — The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll.
