NH Small Business Development Center FREE webinar: COVID-19 Tax Relief - The Employee Retention Tax Credit in 2020 and 2021
The Economic Aid Act changed the rules around the Employee Retention Tax Credits (ERTC). Businesses that received a PPP loan in 2020 can now also receive retention credits to cover payroll during the last two quarters of 2020, so long as you meet certain criteria and are not covering the same payroll twice.
The Employee Retention Tax Credits are extended to the end of calendar year 2021. Families First Coronavirus Response Act Credits for sick and family leave are extended through September 30th 2021.
The final rules from the IRS on how to claim the credit for 2020 payroll are now out. Attend this webinar to learn all the details and make sure you don't miss out on this valuable benefit!!