Tax Tuesday: Key Information Before the Filing Deadline
This article is presented by Mellor & Associates PLLC. Don’t miss “Tax Tuesdays,” as a CPA from Mellor & Associates joins Dave & Dujanovic every other Tuesday at 10:50 AM to help you save you money on your taxes.
Do you own or help run a small business? You might be leaving money on the table by not taking advantage of the Employee Retention Credit.
The Employee Retention Credit is a refundable tax credit that many businesses don’t know about. CPA Justin Mellor estimates as many as 50% of small business owners aren’t aware. Businesses can receive a credit of up to $5,000 per employee in 2020 and up to $21,000 per employee in 2021. That’s a potential refund of up to $26,000 per employee for a small business!
Wondering if your small business might qualify? Get a free consultation at UtahERC.com.