Modifications to the Employee Retention Credit may allow you to claim a credit for your employees.
The recent amendment to the Employee Retention Credit under the CARES Act allows for up to $7,000 per employee per quarter for 2021, if the measures are met. In the past, this was not available if you also received PPP funds. However, the revision allows for you to obtain both PPP Forgiveness and the employee retention credit, if you meet certain measures.
The new policy is attached here, and we encourage you to reach out to your CPA to see if you qualify.
For clients of TTG, we are tackling on your behalf.