2020 Employee Retention Credit Notification
The CARES Act provides payroll tax credit equal to 50% of up to $10,000 of qualified wages per employee in 2020. Employers are eligible for the credit for any quarter in which they have either had to fully or partially suspend operation of business because of governmental orders due to COVID-19, or if they have had more than a 50% decline in gross receipts as compared to the same quarter in 2019.