Have You Maximized Your Employee Retention Tax Credits From 2020? - Right Sized Resources
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The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. Eligible employers can get immediate access to the credit by reducing employment tax deposits they are otherwise required to make. Also, if the employer’s employment tax deposits are not sufficient to cover the credit, the employer may get an advance payment from the IRS.

 

Our Firm will help you get the maximum credits available, provide surety they are correct and provide representation to the IRS on any questions. Any company that was affected by any government mandate is qualified. Companies that are 25 employees have received $79,000. Companies that are 50 Employees have received $166,000.