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Hausmann Group April 3, 2020 1 min read

Employee Retention Tax Credits for Businesses Impacted by Coronavirus

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) creates an employee retention tax credit, which is designed to encourage eligible employers to keep employees on their payroll, despite experiencing economic hardship related to COVID-19.

If you have more questions on this part of the CARES Act please contact your business accounting firm as they are the best resource to work with regarding the tax credits.

Click here to download the Employee Retention Tax Credit Compliance Bulletin.
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