https://masstrucking.org/wp-content/uploads/2020/03/tam-covid-19-featured-main.jpg 315 600 Kevin Weeks https://masstrucking.org/wp-content/uploads/2019/05/tam-logo-101.png Kevin Weeks2020-05-04 10:11:132020-05-04 10:11:13IRS releases guidance on Employee Retention Credit
IRS releases guidance on Employee Retention Credit
The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
The IRS has released updated FAQs concerning the program that can be found at the IRS website.