August 6, 2023
The Employee Retention Tax Credit (ERTC) is a refundable credit that businesses could claim on qualified wages, including certain health insurance costs during certain periods of the coronavirus (COVID-19) pandemic. The ERTC was intended to help businesses impacted by COVID-19 be able to keep employees on the payroll.
While the ERTC has expired, employers that have not yet claimed (or incorrectly claimed) any ERTC may still do so retroactively by filing amended payroll tax returns for the 2020 and 2021 tax years.
To learn more about the qualifications and how to retroactively apply, click here to read a detailed article from Ogletree Deakins.
Ogletree Deakins is a legal firm with an HR focus which partners with the American Rental Association (ARA). Through the partnership, ARA members can get free HR assistance including two 30-minute phone calls per year with an Ogletree HR professional; access to a full library of webinars from Ogletree professionals; and more. Visit ARArental.org/manage-business/hr to learn more.
