During our Business Roundtable in June of 2021, guest speaker Darryl Davis discussed Employee Retention Credits (ERC) with the attending businesses. ERC provides for an employee retention tax credit (Employee Retention Credit) that is designed to encourage Eligible Employers to keep employees on their payroll despite experiencing an economic hardship related to COVID-19.
Employee Retention Credit was first introduced in CARES Act on March 27th, 2020. The Employee Retention Credit is one of several benefits provided under the CARES Act, to assist private-sector businesses and tax-exempt organizations that have been financially impacted by COVID-19.
Learn more about ERC on the IRS website.
The City of Bee Cave's Economic Development Board wants each Bee Cave Business to have the opportunity to apply for these funds. Click on the video and links below to learn more about ERC.
For questions and to begin the application process contact:
Darrell Davis: [email protected]