The Employee Retention Credit is worth up to $14,000 per employee retained in the first two quarters of 2021. But it is complicated and CLA answers many of your que...
For 2021 this credit can equal up to $14,000 for each eligible employee.
CLA also provides a service on handling all of the paperwork involved in dealing with the ERC. If this is something you may be interested in please feel free to reach out to me and I will put you in contact with the person who can help you. The credit can be complicated, but the benefits may easily exceed $100,000 for many farmers.
Remember, you simply need to make sure your consolidated gross receipts for the first or second calendar quarter of 2021 are less than 80% of the same quarter in 2019 (not 2020). If you meet this requirement you automatically qualify for the credit.
Make sure to understand what the 80% number is and plan on keeping your gross receipts under that number.
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