An Employee Retention Credit (ERC) is a refundable tax credit of up to $26,000 per employee against certain employment taxes equal to 50% of the qualified wages paid to employees. It was created to provide businesses with relief from the effects of Covid-19.
An ERC is a reimbursement owed to your business by the government. However, you must apply for it, and then wait months to get paid. Raistone cuts through the red tape so you can get paid months earlier.