Stimulus Relief for
Auto Dealerships
The Employee Retention Credit is the most powerful tax incentive available to businesses that retained employees during the pandemic. Auto Dealerships qualify for this incentive and thanks to recent legislative changes, the amount these businesses can claim has substantially increased. So, if you or your advisor have reviewed this credit before, it is time to look again.
How Auto Dealerships Qualify for ERC:
- Decreased vehicle inventory;
- Increased lead times for parts and accessories;
- Inability to conduct test drives;
- Restrictions on showroom capacity; and
- Restrictions on repossessions.
Get up to $26,000 per employee in cash refunds
for 2020+2021.
NEED HELP WITH EMPLOYEE RETENTION CREDIT?
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