Understanding Employer Retention Credits - Could you get $26,000 per employee?

Could you be owed up-to $26,000/yr from the IRS for each employee that you kept on board during the pandemic? Employer Retention Credits are a refund on payroll-taxed employees that were kept during the pandemic. In this webinar, Maine SBDC at NMDC Center Director and Business Advisor Brandon McDonald will clarify how to determine if you fit into this program, how long you have to get reimbursement, and how much you may be eligible for. Join us for a short presentation on what to know before you look into claiming this funding. This presentation is designed for BOTH clients and payroll processors or bookkeepers and will go over the process of applying for these credits. There will be time for Q&A at the end!

IMPORTANT NOTE: The Maine SBDC are not certified accountants, and it is important to remember to consult with an accountant or tax preparation specialist before adjusting, amending, or submitting any tax returns.

Funded in part through a cooperative agreement with the U.S. SBA. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact kelsey.riordan@maine.edu