Are you currently a Paycheck Protection Program (PPP) borrower considering eligibility for an Employer Retention Credit (ERC)? If so, the Consolidated Appropriations Act, 2021 may now provide you with an opportunity to claim this credit. ERCs can now be retroactively claimed by PPP borrowers for the year 2020 and subsequently, in 2021.In Section 206 of the Act, the ERC was expanded to include PPP borrowers as claimants, and the credit can now be backdated to March 12, 2020. Employers are permitted to claim a credit of 50% of qualified wages, in which the qualified wage paid to each employee is … Read more
Posts Tagged ‘employer retention credit’
Locations
York Office:
135 North George Street
York, PA 17401
Phone: (717) 848-4900 | Fax: (717) 843-9039
East Berlin Office:
106 Harrisburg Street
P.O. Box 606
East Berlin, PA 17316
Phone: (717) 259-9592 | Fax: (717) 259-9148
Hanover Office:
215 Broadway
Hanover, PA 17331
Phone: (717) 632-0067| Fax: (717) 259-9148
Pay with LawPay®
For your convenience, CGA offers a way for you to make your payments online. To make a secure payment to your account, click on the “Make Payment, LawPay®” button below.
One Firm, All The Law You Need℠
arrow_upward
Back to top