By Dean Zerbe, National Managing Director at alliantgroup and Former Senior Counsel to the U.S. Senate Finance Committee
March 12, 2021
Published in taxnotes.com
The revamp of the employee retention credit under the Consolidated Appropriations Act, 2021 (CAA, P.L. 116-260), has turned an underused relief option into the most potentially powerful credit available to struggling businesses. The mainstream media has not highlighted the positive effect of this provision, much less explained its complexity. I’d like to examine this credit in-depth, especially since the House recently proposed its extension in the upcoming COVID-19 relief bill. This move could translate into many businesses keeping their doors open, and in turn could allow more working Americans to stay on payroll.
In the midst of the pandemic last year, […]