{"id":3668,"date":"2020-06-19T01:39:40","date_gmt":"2020-06-18T16:39:40","guid":{"rendered":"https:\/\/hls-global.com\/?p=3668"},"modified":"2020-11-17T15:56:00","modified_gmt":"2020-11-17T15:56:00","slug":"cares-act-updates-to-employee-retention-credit-and-employer-payroll-tax-deferral","status":"publish","type":"post","link":"https:\/\/hls-global.com\/2020\/06\/19\/cares-act-updates-to-employee-retention-credit-and-employer-payroll-tax-deferral\/","title":{"rendered":"CARES Act \u2013 Updates to Employee Retention Credit and Employer Payroll Tax Deferral"},"content":{"rendered":"<p>The IRS has updated the eligibility requirements for Employee Retention Credit (\u201cERC\u201d), which is a part of the CARES Act. The program provides a fully refundable tax credit for employers equal to 50 percent of qualified wages that eligible employers pay their employees.<\/p>\n<p><!--more--><\/p>\n<p>Eligible employers can get immediate access to the credit by reducing employment tax deposits they are otherwise required to make. Also, if the employer&#8217;s employment tax deposits are not sufficient to cover the credit, the employer may get an advance payment from the IRS.<\/p>\n<p>Please see the updates on <a href=\"https:\/\/hls-global.com\/wp-content\/uploads\/2020\/06\/CARES-Act_ERC_ENG-06-16-2020.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline\"><strong>Page 4 of the attached information<\/strong><\/span><\/a> for more details.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IRS has updated the eligibility requirements for Employee Retention Credit (\u201cERC\u201d), which is a part of the CARES Act. The program provides a fully refundable tax credit for employers equal to 50 percent of qualified wages that eligible employers pay their employees.<\/p>\n","protected":false},"author":1,"featured_media":255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/hls-global.com\/wp-json\/wp\/v2\/posts\/3668"}],"collection":[{"href":"https:\/\/hls-global.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hls-global.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hls-global.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hls-global.com\/wp-json\/wp\/v2\/comments?post=3668"}],"version-history":[{"count":0,"href":"https:\/\/hls-global.com\/wp-json\/wp\/v2\/posts\/3668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hls-global.com\/wp-json\/wp\/v2\/media\/255"}],"wp:attachment":[{"href":"https:\/\/hls-global.com\/wp-json\/wp\/v2\/media?parent=3668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hls-global.com\/wp-json\/wp\/v2\/categories?post=3668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hls-global.com\/wp-json\/wp\/v2\/tags?post=3668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}