Employee Retention Credit worksheet

Are you interested in strategies for keeping your staff members and expanding your company? An Employee Retention Credit, also known as ERC, could be just what you need. The ERC offers employers the chance to receive a tax credit of up to $5,000 per employee as long as they fulfill specific conditions outlined in the CARES Act. ERC Services, to aid business owners in navigating the calculations, we have designed a thoroughly detailed Employee Retention Credit Worksheet that allows you to capitalize on this opportunity to the fullest. Continue reading to discover how this tool can be beneficial for you!

An overview of the Employee Retention Credit
The Employee Retention Credit Worksheet offers employers the necessary resources and information to calculate the value of the Employee Retention Tax Credit (ERTC) provided by the CARES Act. This credit is determined by qualified wages paid between March 12, 2020, and January 1, 2021, and is applicable to employees who are unable to work due to either a complete or partial suspension of the employer's business. Importantly, the credit is available regardless of whether the employer has received a loan from the Paycheck Protection Program (PPP). It may also be accessible for employers who have faced a decline in gross receipts during specific quarters in 2020 compared to 2019.