Short PDF explaining the Employee Retention Tax Credit (ERTC) Reinstatement Act of March 2021 and how it may affect your business or non-profit from qualifying for tax rebates from the I.R.S.

2. The Employee Retention Tax Credit -
ERTC Reinstatement Act
The CARES Act Employee Retention Tax Credit (the “ERTC”) was originally
available to eligible employers on wages paid from March 13, 2020 to
December 31, 2020. Subsequent legislation extended the ERTC to
December 31, 2021, however, on November 15, 2021, the President signed
the $1 trillion bipartisan Infrastructure Bill into law which contained a
provision eliminating the ERTC in the fourth (4th) quarter of 2021.
Not Familiar with the ERTC Program?
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For all the details please continue reading the release from Synergi Partners

3. March 03, 2022
FOR IMMEDIATE RELEASE
On March 3, 2022, members of Congress sent a to Nancy Pelosi,
Speaker of the House; Charles Schumer, Majority Leader; Kevin
McCarthy, Minority Leader; and Mitch McConnell, Minority Leader
urging the passage of the
(H.R. 6161 and S. 3625) (the “ ”).
letter
Employee Retention Tax Credit Reinstatement
Act ERTC Reinstatement Act

4. The CARES Act Employee Retention Tax Credit (the “ERTC”) was originally
available to eligible employers on wages paid from March 13, 2020 to
December 31, 2020. Subsequent legislation extended the ERTC to
December 31, 2021, however, on November 15, 2021, the President signed
the into law which contained a
provision eliminating the ERTC in the fourth (4th) quarter of 2021. The
ERTC Reinstatement Act was introduced to Congress in December 2021
and, if passed, would reinstate the ERTC for fourth (4th) quarter of 2021
to help businesses recovery from the impact the COVID-19 pandemic has
had on their business operations.
$1 trillion bipartisan Infrastructure Bill
The letter notes that the ERTC was designed to help businesses a ected
by COVID to retain employees, rather than lay them o , or to enable
businesses to rehire employees that were previously laid o . The letter
also notes how the ERTC was one of the only remaining forms of aid
available for businesses and nonpro ts that continued to struggle due to
the pandemic. Members of Congress who drafted the letter have urged
the passage of the ERTC Reinstatement Act, which has the support of
over 70 bipartisan cosponsors and over 70 endorsing organizations.
Synergi Partners continues to monitor this legislation and advocate for
the passage of the ERTC Reinstatement Act.

5. To stay up to date on the latest legislative news, please follow Synergi
Partners on social media:
Facebook
Twitter
LinkedIn
Synergi Blog
About Synergi Partners
Comprised of tax credit veterans with 40 years of industry experience,
Synergi specializes in helping employers take advantage of federal and
state tax credit programs.
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