Along with other changes, the recent $2.3 trillion Consolidated Appropriations Act (Act) and $1.9 trillion American Rescue Plan Act (ARC) made significant changes to the Employee Retention Tax Credit (ERTC) created earlier in 2020 by the CARES Act. These changes could generate significant opportunities for eligible taxpayers, both retroactively and prospectively.
The Consolidated Appropriations Act extended the ERTC to June of 2020. This is how the American Rescue Plan made it even better for businesses.
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