We have also received questions regarding Employee Retention Credit (ERC). 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. We have attached another article here for ERC from the IRS for your understanding.
We are in the process of trying to figure out how we are going to delay our client’s tax payments and correctly capture the data in our system. We are still waiting on guidance from the IRS and technology releases from Asure to help us along the way on the delayed payment issue and many other moving parts in this PPA.
