Employee Retention Credits ( ERC ) & COVID Stimulus for Churches
Stenson CEO
After struggling with the emotional and financial impacts of an international pandemic for over a year , churches and nonprofits are turning their attention to the Employee Retention Credit ( ERC ) for additional help and support .
The Employee Retention Credit , under the CARES Act , encourages businesses to keep employees on their payroll by providing a tax credit of up to $ 33,000 for each employee when a business has been financially impacted by COVID-19 .
Is your church prepared to obtain — and retain — ERC funds ?
30 CHURCH EXECUTIVE | JULY / AUGUST 2021