Our economic situation and outlook have changed dramatically since the beginning of the pandemic. To stabilize the business environment and provide relief to business owners, lawmakers and leaders have passed many policies that help American businesses stay afloat. One such policy is the employee retention tax credit.
Employee Retention Credit is a tax break available to small businesses which helps them tide over the uncertainty. First introduced in the CARES act in 2020 has enabled over 30,000 small businesses to claim over $1 billion collectively to run and grow their business.
If you’re unsure how you can claim these benefits or qualify as a beneficiary, please get in touch with one of our expert CPAs in Maryland at Sigma. We’ll definitely help you!