NCTC is partnering with BottomLine Concepts to offer one-stop access to CARES Act Employee Retention Credit Program. #pressrelease
July 14, 2022
LENEXA, Kansas and NEW YORK CITY – NCTC and BottomLine Concepts have partnered to bring NCTC members unparalleled access to federal tax credits designed to help those that were able to retain their employees during the COVID-19 pandemic through the Employee Retention Credit (ERC).
Established by the CARES Act, the ERC is a refundable tax credit – a grant, not a loan – that a business can claim. The ERC is available to both small and mid-sized companies and is based on qualified wages and healthcare paid to employees. Qualifying businesses can take advantage of the following offerings:
Up to $26,000 per employee
Available for 2020 and the first 3 quarters of 2021
Can qualify with decreased revenue or COVID event
No limit on funding
ERC is a refundable tax credit
The ERC has undergone several changes and has many technical details, including how to determine qualified wages, which employees are eligible and more. BottomLine Concepts helps make sense of it all through dedicated experts who guide and outline the steps that need to be taken so business owners can maximize their claim.
For more information about this program, please click here.
You May Also Like
