One of the many tax provisions contained in the CARES Act is an employee retention credit (the “Credit”), designed to encourage employers to keep employees on their payrolls despite the economic hardship related to COVID-19. This is a different program from the Paycheck Protection Program (PPP) loans.
Please note that employers with PPP loans will not be eligible for the Retention Credit.
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Please note that employers with PPP loans will not be eligible for the Retention Credit.
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