Stay updated with breaking news from Stephen swanick. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Here are the qualifications: Employer Retention Credit 2020 requirements Must have averaged less than 100 full-time employees in 2019 (99 full time and 500 partime would still be eligible) Up to $5,000 per employee available as a refund from the IRS (regardless of what you paid-in) Available to all employers/industries that: suffered a 50% revenue decrease for a quarter vs 2019 (ex: Q2 2019 vs Q2 2020), or were forced to shut down by government order, or faced a capacity limitation (i.e. restaurant, bar, gym, etc.) Employer Retention Credit 2021 requirements Must have averaged less than 500 full-time employees in 2019 (499 fulltime and 5,000 parttime would still be eligible) Up to $7,000 per employee per quarter, available as a refund from the IRS (regardless of what you paid-in) ....