INFRASTRUCTURE ACT HALTS Q4 2021 EMPLOYEE RETENTION CREDIT FOR MANY EMPLOYERS
The Infrastructure Investment and Jobs Act (Infrastructure Act) ends the Employee Retention Credit (ERC) for wages paid after September 30, 2021 for many employers. Recovery startup businesses, however, may continue to claim the ERC on wages paid through December 31, 2021. Prior to the passage of the Act, the ERC was scheduled to terminate for…
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