Tag's: Covid-19

Covid 19: Payroll and Self Employment tax relief

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