The Bottom Line
The Bottom Line is where Klatzkin’s advisors provide analysis and insight into key developments in taxation, accounting, and other issues and how they affect businesses and individual taxpayers.

It’s Not Too Late to Claim the Employee Retention Credit

By KLATZKIN TAX TEAM

The economic effects of the COVID-19 pandemic on businesses have primarily passed. The last parcel of federal relief, the American Rescue Plan Act, provided one final economic boost for individuals and businesses, and since then, popular federal relief programs, including the Paycheck Protection Program, Shuttered Venue Operators Grant, and the Employee Retention Credit (ERC), has expired.

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