About Employee Retention Credit (ERC)
The Employee Retention Credit (ERC) serves as a vital financial lifeline, particularly in the aftermath of the COVID-19 pandemic. This robust tax incentive offers substantial credits, potentially saving businesses thousands of dollars per retained employee. In 2020, ERC refunded up to $5,000 per employee for the year, while in 2021, the credit increased to a maximum of $7,000 per employee per quarter.
Beyond the numbers, ERC is a strategic tool championing job preservation, contributing to both organizational stability and economic recovery. Explore the quantifiable advantages of ERC, where financial relief meets a commitment to workforce retention.
Benefits you’ll love
Carrazco’s competitive strength resides in its people, methods, and tools. Our professional team is talented, credentialed and driven to succeed.