Discussing the 941 Employee Retention Credit (ERC)
We’re here to talk about the Employee Retention Credit (ERC) – if you’re not familiar with this, it’s a refundable employment tax credit to help businesses with the cost of keeping staff employed. The ERC expired December 31, 2021, however, employers may still claim the credit for prior quarters by filing an applicable adjusted employment tax return. There are additional qualifications and deadlines – check with tax preparer for more information about qualifications and ability to apply.
Our guests for the call were:
Greg Brown, Co-CEO and CFO of Brown Precision, Inc. and this year’s Chairman of the Chamber’s Board of Directors
We encourage you to contact your accountant to learn more. In the event that you need accounting services, please visit the Chamber Member Directory to find a list of our members that can help you with this topic.