New Tax Credit Helps Small Businesses Keep Staff During Pandemic

The federal government’s Paycheck Protection Program (PPP) has received overwhelming interest from small businesses impacted by the coronavirus pandemic—funds even ran out at one point—but it’s not the only game in town. Part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, the ERC incentivizes companies to retain employees despite the tough economic conditions that have resulted from the COVID-19 outbreak.
Source: New feed 2