A company with an annual revenue of $115 million and 246 employees received a credit equal to $1.06 million in Q1 of 2021. Don’t let your competitors be the only one taking advantage of this.
The Employee Retention Credit was revamped to reach more businesses that helped keep Americans employed. As essential workers in most areas, contractors may be one of the best positioned to maximize this tax credit.
Signatory contractors can also take advantage of the Research & Development Tax Credit, which rewards companies for taking on work or projects that are new to them.
Click here to learn more about how these credits could save your business 5+ figures!