Employee Retention Credit
At CreditAve, we understand the importance of retaining talented employees for the growth and success of your business. Our Employee Retention Credit service is designed to help you leverage valuable tax incentives while fostering a stable and dedicated workforce.
Why Choose CreditAve For ERC
Key Features of our Employee Retention Credit Service:
What Is Employee Retention Credit?
The Employee Retention Credit (ERC) is a tax credit offered by the U.S. government to assist businesses during difficult periods, including the COVID-19 pandemic. Initially introduced as part of the CARES Act in 2020, the ERC has undergone expansions and extensions to enhance its support for businesses in retaining their employees.
This valuable tax credit serves as a lifeline for businesses, providing financial assistance based on qualified wages paid to eligible employees. Its primary objective is to alleviate financial burdens and incentivize businesses to retain their workforce rather than resorting to layoffs or furloughs.