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The 411 on the Employee Retention Tax Credit
Manage episode 303345595 series 2771225
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Eligible restaurants can now access ERTC for 2020 and 2021 for eligible employee wages as long as these specific payroll wages and/or group benefits were not directly paid with Paycheck Protection Program (PPP) loan funds. Employers can access up to $5,000 per eligible employee in 2020, and up to $7,000 per eligible employee for each calendar quarter in 2021. Hear from CPA Patrick Gros to help you determine if you are eligible for ERTC and what to expect from the application process.
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