Infrastructure Law Sunsets Employee Retention Credit Early

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers survive the COVID-19 pandemic. A new infrastructure law has retroactively terminated it before it was scheduled to end. It now only applies through September 30, 2021 (rather than through December 31, 2021). This is unless the employer is a “recovery startup business.” … Continue reading “Infrastructure Law Sunsets Employee Retention Credit Early”