I have heard about ERC benefits, but I am still determining how it can assist my business. What is ERC?

ERC stands for Employee Retention Credit. This government incentive is intended to motivate firms to keep workers on board during challenging economic times like the COVID-19 pandemic. Employers that qualify can deduct the ERC from their state income taxes. By utilizing this credit, companies can cut the price of keeping workers on the payroll. They can get funding to help them survive tough times while keeping their staff.