The employee retention credit is intended to urge businesses to retain employees on their payroll. The amount of the credit is 50% of qualified wages paid up to an annual limit of $10,000. Each employee is allowed a maximum credit of $5,000.Employers are eligible for the employment retention credit provided they meet the following criteria:Business was forced to partially or fully close , or
Business saw 50% decline in receipts from corresponding quarter
Learn More Basics of Understanding Your Company Financial Part II
Welcome to understanding your finances part two. In part one we talk about the six basic things you need to know. Now we talk about how to organize this information so we can easily see what's happened in your business at any given time. If you have the watch part one, I do recommend you go back and see it. To understand how to organize the six things you need
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