Receive Employee Retention Credit (ERC) according to the CARES Act
The CARES Act provides payroll tax credit equal to 50% of up to $10,000 of qualified wages per employee paid from March 13, 2020 through December 31, 2020. Read the Act’s full text.
Employers are eligible for the credit for any quarter in which they have either had to fully or partially suspend operation of business because of governmental orders due to COVID-19, or if they have had more than a 50% decline in gross receipts as compared to the same quarter a year ago.
To receive the credit, please notify PayNorthwest of your eligibility. We’ll ask you for some details and the credit will be applied on your next payroll. Please note that you must notify us every time a payroll is affected by ERC so that we can correctly apply the credit.
PayNorthwest can calculate your ERC on your behalf for a fee, or you can send us your ERC amount, which will be applied to your payroll at no cost.