Andy Gargana Breaks Down the Employee Retention Tax Credit

Part of the Coronavirus Aid, Response, and Economic Security (CARES) Act, the Employee Retention Tax Credit is available to qualified employers who are still paying employees during the current coronavirus pandemic. It allows the employer to take a refundable tax credit for up to 50% of up to $10,000 in wages paid for each employee. In the first of this two-part episode of the Paychex Business Series, Paychex Compliance Analyst Andy Gargana shares with Gene Marks what you need to know about the Employee Retention Tax Credit, including what it is, business eligibility, revenue qualifications, and more.

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