Did You Hear?
As of January 1, 2021, The Consolidated Appropriations Act made changes to the CARES Act employee retention credit program. Here's what you need to know:
Wages Covered - January 1, 2021 but before July 1, 2021
Maximum Credit Amount - $14,000 per employee in 2021
Capped Wages up - $10,000 per employee per calendar quarter in 2021.
Gross Receipts - less than 80% of gross receipts in the calendar quarter comparing to 2019
Click here for more information on the Consolidated Appropriations Act.
If you need help claiming your Employee Retention credits, we now offer a service to assist you! If you are interested, please call to schedule an apointment with a payroll specialist. We look forward to your call!
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