During Small Business Week (which ends Sept. 26), the IRS reminds business owners and self-employed individuals of COVID-19 related employer credits. One is the Employer Retention Credit, designed to help keep employees on the payroll. This refundable tax credit is 50% of wages paid by eligible employers impacted by the pandemic, up to $10,000. The Paid Sick Leave Credit helps businesses that have employees who can’t work for COVID-19 related reasons. And the Family Leave Credit allows employers to be immediately reimbursed for wages paid to employees on family leave, due to COVID-19. For details from the IRS, visit https://bit.ly/2G49Gbt Call or visit our website for more information! www.mjscpa.com/
