Article Date:
April 2021


Word Count:
611

 

 

Starting a New Business? Get Up to $100,000 in Tax-Free Money


You likely already know that the employee retention credit (ERC) is a good deal—if you qualify.

 

Now, thanks to the recently enacted American Rescue Plan Act of 2021 (ARPA), you can qualify for up to $100,000 of ERC in the third and fourth quarters of 2021 if you1

 

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begin the business after February 15, 2020 (you could start today),

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have average annual gross receipts of $1 million or less, and

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do not meet either of the ERC tests—the suspended operations test or the gross ... Log in to view full article.

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