ERC tax refund available now to PPP loan recipients

Was your business impacted negatively by the pandemic? Your business may be eligible for the Employee Retention Credit (ERC) tax refund. PPP and ERC together The 2020 COVID relief bill established the ERC program to incentivize businesses who kept employees on payroll during the pandemic. Originally, companies could participate in either the Paycheck Protection Plan (PPP) or the ERC, but not both. In early 2021, guidelines changed to permit businesses to claim ERC in addition to PPP funds. Great…