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Profitopia Helps Small Businesses Secure Thousands of Dollars with the New 2021 Employee Retention Credit News provided by Share this article Share this article TUCSON, Ariz., Feb. 26, 2021 /PRNewswire/ The Internal Revenue Service is implementing the 8,000 page 2021 Covid-19 CARES Act that was rushed out by Congress on December 21, 2021.  Buried in the bill 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 and organizations payments up to 70% or $14,000 of an employee s wages for retaining employees through the first half of 2021.  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.  Small businesses, non-profit organizations, churches and schools up to 500 employees are eligible.

Kevin marshallRevenue serviceCongress onInternal revenue serviceEmployee retention tax creditsRetention tax creditEmployee retention taxகெவின் மார்ஷல்வருவாய் சேவைகாங்கிரஸ் ஆன்உள் வருவாய் சேவைஊழியர் தக்கவைத்தல் வரி வரவுதக்கவைத்தல் வரி கடன்ஊழியர் தக்கவைத்தல் வரி