Compound Capital

The Employee Retention Credit (ERC) is a payroll tax refund from the United States Treasury Department for businesses who kept employees on payroll during the pandemic.

Businesses with one or more full time employees can receive a refund of up to $5,000 per employee for all of 2020 and up to $7,000 per employee kept on the payroll for each quarter for Q1 through Q3 of 2021. That’s a total refund of up to $26,000 per employee kept on your payroll.