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The Employee Retention Credit (ERC) is a valuable tax incentive that can help businesses retain employees and navigate through challenging times. This credit was introduced as part of the CARES Act and has been expanded and extended under subsequent legislation, making it a powerful tool for businesses looking to recover and thrive.
What is the Employee Retention Credit?
The ERC is a refundable tax credit designed to encourage businesses to retain employees during periods of economic uncertainty. You can claim up to $21,000 credit per employee for the entire tax year 2021, and $5,000 credit per employee for the tax year 2020. It provides eligible employers with a significant tax benefit that can help offset the financial burden of keeping employees on the payroll.
Key Benefits of the Employee Retention Credit:
Navigating the Employee Retention Credit:
Determining eligibility and calculating the credit can be complex, considering the various rules and requirements involved. That’s where our team of experienced professionals comes in. We specialize in understanding the intricacies of the ERC and can guide you through the process to ensure you receive the maximum benefits available.
Our Services Include:
Don’t miss out on the opportunity to benefit from the Employee Retention Credit and strengthen your business’s financial position. Our team of dedicated professionals is here to help you navigate the complexities of the ERC, maximize your tax savings, and ensure compliance.
Take Advantage of the Employee Retention Credit Today! Contact us to discover how the Employee Retention Credit can be a game-changer for your business. Let’s work together to secure your company’s future and unlock its full potential.
Call us today at (866) 681-2140, email us at info@dimovtax.com, or fill out the form and we’ll get in touch immediately.
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Dimov Tax is rated 5 stars on all major review platforms including Google, Yelp, Facebook, Angie’s List, Better Business Bureau, TaxBuzz, Thumbtack, Upwork, Bark, and much more.