In this episode, the Huddle Guys discuss a tax credit known as the Employee Retention Credit (ERC). The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, made a number of changes to the employee retention tax credits previously made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), including modifying and extending the ERC through June 30, 2021.
In short, the ERC is a refundable tax credit that MAY be available to business owners in a cash payment. This is great news for business owners!
Listen as the Huddle Guys break down the details of the ERC, the applicable amounts and timing and how you may benefit. As an added bonus, Eric shares a few lesser known facts about Austin, Texas (ATX), Central Texas, and Southern rap music.
It’s time to huddle up!
