ERC Updates to know

Just a few quick updates about the 2021 Employee Retention Credit (ERC): 2021 Quarter 4 ERC may be eliminated: The infrastructure bill passed by the Senate today includes a repeal of ERC for the 4th Quarter (Oct-Dec 2021). There are scenarios where the bill doesn’t go into law or the ERC section is amended, but for now, don’t count on getting ERC in Quarter 4 (and you won’t know for sure until late fall most likely).

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