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Profitopia Helps Restaurants, Hotels and the Hospitality Industry Obtain Thousands with the New 2021 COVID Aid Plan News provided by Share this article Share this article TUCSON, Ariz., March 16, 2021 /PRNewswire/ The newly passed 2021 Covid Aid Plan is a great financial relief package for U.S. small businesses – the 2021 CARES Act Employee Retention Tax Credits (ERC). The 2021 CARES Act ERC provides small businesses, restaurants, hotels and the hospitality industry with payments up to 70% or $28,000 of an employee s wages for retaining employees in 2021. For example, a small business, with only 5 employees could be available for $140.000 in U.S. government help. To be eligible for the 2021 Employee Retention Tax Credit, employers have to demonstrate that they incurred at least a 20% decline in gross receipts compared to 2020. Businesses that were forced to shut down or reduce their capacity, such as restaurants, hotels, inns and the travel and hospitality industries are t

Kevin marshallPaycheck protection programSaid planEmployee retention tax creditsRetention tax creditEmployee retention taxகெவின் மார்ஷல்சம்பள காசோலை ப்ரொடெக்ஶந் ப்ரோக்ர்யாம்உதவி திட்டம்ஊழியர் தக்கவைத்தல் வரி வரவுதக்கவைத்தல் வரி கடன்ஊழியர் தக்கவைத்தல் வரி