What is a great way to spend cash, then put it right back into your pocket? Spend it on wages, then claim the employee retention credit (ERC). It’s a great deal and keeps on getting better. You just have to know how to play the game, and the rules of the game keep getting better.
The American Rescue Plan ACT (ARPA) ratchets up the amount you can grab back. It’s ridiculously lucrative. For example, an employer with ten employees making $40,000 each for 2020 and 2021 may claim an ERC of up to $50,000 for 2020, and up to a whopping $280,000 for 2021.
Attend this webinar and learn how to make the most of the ERC and ARPA.
Bradley Burnett is a practicing Colorado attorney with 33 years of experience working specifically on tax issues. His practice specializes in tax planning and tax controversy resolution. Mr. Burnett has authored and delivered more than 3,000 presentations on U.S. tax law in the U.S. and international jurisdictions.