Employee Retention Credit for Law Firms - Up to $28,000 per employee for 2021
Mar 11, 20212021 Simple Summary
- 2021 Quarterly revenue is down 20% or more from 2019
- $7,000 per employee per quarter maximum (70% credit on first $10,000 of wages)
- 2021 Q1 and Q2 covered under current law
- Expands to 2021 Q3 and Q4 under pending American Rescue Plan Act
- Can be combined with PPP draw 2, but wages must be allocated into each program. No double-dipping.
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