Streamlining Your Company’s Finances: The Key Benefits of Employee Retention Credit
When it comes to managing your company’s finances, it’s crucial to be proactive, efficient, and strategic. Every possible avenue for savings should be explored, and that includes leveraging credits and incentives provided by the government. One such opportunity that can have a significant impact on your business’s financial health is the Employee Retention Credit (ERC).
The ERC is designed to encourage businesses to keep employees on their payroll during periods of significant disruption or economic hardship. It was first introduced in the United States under the CARES Act in response to the COVID-19 pandemic,