Enacted in March of 2020, as part of the CARES Act, business owners can apply for a refundable tax credit designed to reward business owners for retaining employees throughout the COVID-19 pandemic. This credit is available for both small- and mid-sized businesses. You can get up to $26,000 per employee.
Want to find out more and how you can claim these credits, give us a call at the agency or your tax accountant.