The signing of the Infrastructure Bill on November 15, 2021, has resulted in a significant impact with the early termination of the employee retention tax credits.
For many businesses impacted by the COVID-19 pandemic, access to government stimulus funds meant the difference between survival and closure. To help alleviate these economic burdens, the U.S. government introduced various programs and policies as a form of relief – including the Employee Retention Tax Credit (ERTC). However, through the passage of the highly anticipated Infrastructure Bill comes an early end to ERTC, impacting numerous businesses who have been relying on financial aid.
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