Q&A: The Employee Retention Tax Credit

The Coronavirus Aid, Relief and Economic Security (CARES) Act provides for a refundable payroll tax credit of 50 percent of qualifying wages paid by eligible non-governmental employers during the COVID-19 crisis.

This Q & A includes discussion of:

  • the Employee Retention Tax Credit eligibility requirements,
  • how to count employees, and
  • coordination of the tax credit with other programs, such as the Paycheck Protection Program and the Social Security Tax Deferral Program.

Read the entire Q & A here.

About the Author

Sue Thomas

Posted in: Employee Benefits, Human Resources, COVID-19

Posted by Sue Thomas

Director, Contracts & Compliance. Sue has more than 30 years of intensive, hands-on experience working with a wide variety of employee benefit plans. As the Director of Contracts and Compliance, Sue is responsible for the management of all BSG® client contracts, including insured contracts, service contracts, and self-insured contracts as well as ensuring that these materials comply with all applicable state and federal benefit regulations. A graduate of the University of Wisconsin-Milwaukee, Sue has completed the RHU program, six CEBS courses and holds a Life and Health agent license.