What is the ERC?

Released under the CARES ACT, the "Employee Retention Tax Credit" Program is a Tax Refund for Businesses who kept employees on Payroll during COVID.

The ERC is similar to the PPP Paycheck Protection Program which was a loan given through the SBA by Lenders to Business to float their payroll and business expenses however the ERC is NOT a loan, it a GRANT that does NOT need to be paid back.

Unlike the PPP you are not required to spend or use the ERC funds in any particular way.

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Released under the CARES ACT, the "Employee Retention Tax Credit" Program is a Tax Refund for Businesses who kept employees on Payroll during COVID.

The ERC is similar to the PPP Paycheck Protection Program which was a loan given through the SBA by Lenders to Business to float their payroll and business expenses however the ERC is NOT a loan, it a GRANT that does NOT need to be paid back.

Unlike the PPP you are not required to spend or use the ERC funds in any particular way.