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Introducing the ERTC (Employee Retention Tax Credit):
Developed to incentivize employers to retain their workforce amidst the COVID-19 crisis, the ERTC serves as a refundable payroll tax credit. Its primary purpose is to safeguard jobs and minimize the occurrence of layoffs by encouraging businesses to maintain their employees on the payroll. This credit applies to remunerations disbursed from March 13, 2020, up until December 31, 2021.
Introducing the ERTC (Employee Retention Tax Credit):
Developed to incentivize employers to retain their workforce amidst the COVID-19 crisis, the ERTC serves as a refundable payroll tax credit. Its primary purpose is to safeguard jobs and minimize the occurrence of layoffs by encouraging businesses to maintain their employees on the payroll. This credit applies to remunerations disbursed from March 13, 2020, up until December 31, 2021.