Originally part of the CARES Act, the Employee Retention Tax Credit (ERTC) helped businesses stay open through the pandemic by allowing them to take a credit against payroll taxes. With new enhancements to the ERTC, now is the time for startups to cash in. Joshua L. Snyder, CPA, Senior Manager + Tax at Anders explains how startups can take advantage of new benefits of the ERTC in the St. Louis Business Journal’s St. Louis Inno platform.
The article highlights new eligibility for recovery startup businesses. Josh explains, “Eligible recovery startup businesses can claim the ERTC subject to a cap of $50,000 per quarter – a potential benefit of $100,000 over both quarters.”
Learn more and find out if your startup is eligible for the ERTC by reading the full article: Did your startup survive 2020? Now is the time to take advantage of the Employee Retention Tax Credit.
Anders is a proud founding partner of St. Louis Inno, a digital media platform that will serve as the region’s portal for news, profiles and insight into the region’s burgeoning innovation ecosystem. Learn more about St. Louis Inno.
Anders tax manager Zachary M. McDowell, CPA contributed to this article.All Insights