Back to top

Tax Briefs

Click here to go back

Employee Retention Credit

Posted by Admin Posted on May 03 2020

We here at SBW & Associates are reaching out to you again with a new video and information regarding the Employee Retention Credit.

The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. Eligible employers can get immediate access to the credit by reducing employment tax deposits they are otherwise required to make. Also, if the employer's employment tax deposits are not sufficient to cover the credit, the employer may get an advance payment from the IRS.”  For more information click on the following links.

​IRS Employee Retention Credit

Forbes Employee Retention Credit Article

 

Please contact us with any questions you might have.

Cody (Keven Buss & Tim Poley):  307-527-6161 

Powell (Reanne Wolff):  307-754-1010

Worland (Gary Wantulok):  307-347-4555