employee retention credit

The Employee Retention Credit: A Federal Tax Incentive for Business Continuity and Workforce Retention

The Employee Retention Credit (ERC) is a federal tax credit available for businesses in the United States. Unlike a loan, it is a refundable credit that does not require repayment. The purpose of the ERC is to incentivize employers to retain employees on payroll during the COVID-19 pandemic.  The ERC program officially ended in 2021,…