Managing a small business can feel like a juggling act, especially when it comes to keeping up with ever-changing tax regulations. However, there is a lifeline offered by Congress that can help steady your business and provide substantial savings – the ERTC Reinstatement Act.
The Importance of the ERTC
The Employee Retention Tax Credit (ERTC) has been a lifeline for many small businesses during the pandemic recovery. It offers significant savings through tax credits and plays a crucial role in keeping the economy moving forward.
Eligibility and Support for the ERTC
The ERTC is available to business owners who kept employees on their payroll during specific quarters affected by COVID-19. It has bipartisan backing and has been used by 20% of small employers in 2023 to retain their teams during tough times.
Congressional Actions to Extend the ERTC
There are ongoing legislative efforts to extend the ERTC and provide relief for small businesses facing economic hardship due to
By: Stephen Swanick
Title: ERTC Reinstatement Act: Essential Guide for Small Businesses
Sourced From: erctoday.com/ertc-reinstatement-act/
Published Date: Thu, 28 Sep 2023 18:40:29 +0000