How does the Employee Retention Tax Credit work?
If you fell under economic hardship due to the COVID-19 pandemic, your business may be eligible for an employee retention tax credit. Talk to us today or schedule a convenient time for a no obligation discussion about how TransPecos Banks can help you access the funds you need now.
What does the ERC cover?
- Payroll Tax Credit for businesses who experienced interrupted operations due to Covid-19
- Up to $10,000/employee for qualified wages during specified timeframes
- Some health insurance costs may qualify
- No repayment of tax credit
- May be eligible even if you took advantage of the Payment Protection Program