The Biden administration has introduced a series of tax proposals as part of the Build Back Better initiative to pay for new government programs such as education and infrastructure.
Employee Retention Tax Credit
House has agreed to a motion to concur in the amendments made by the Senate to the Bipartisan Infrastructure Bill.
Big news for the Employee Retention Tax Credit (ERTC) came out of this weekend with the House passing the ARP (American Rescue Plan).
During the weekend, the House of Representatives approved the latest bill pertained to Biden’s American Rescue Plan. How does this affect you?
Based on the new law, the Employee Retention Tax Credit (ERTC) breaks down into 3 separate credits: ERTC SEC 206–2020 ERTC SEC 207–2021.