Mike McCormick visits Small Business Conversations and Tom Shay to explain the ERC application process
Description
A little known aspect of the CARES Act from the 2020 Covid-19 pandemic is the existence of the Employee Retention Credit (ERC). Does your business qualify for these funds? How is the amount of ERC determined that you receive? If you received PPP funds is your business disqualified? Are there certain employees that disqualify you?
Should I use one of the firms I find on the Internet offering to prepare the ERC paperwork? Is there more paperwork to do than just the ERC application? Is the money guaranteed? How soon do I get the ERC?
So many valid questions. Our expert, Mike McCormick, CPA of Financialclaritygroup.com answers these questions and more.
We think we just found some funds for some small business owners listening to this month's Small Business Conversations with Tom Shay.
United States
