When the COVID-19 pandemic caused widespread business shutdowns and job losses, policymakers created two major programs to aid small employers and incentivize job retention: the Paycheck Protection Program (PPP) and Employee Retention Credit (ERC). PPP provided forgivable loans to cover payroll, rent, mortgage interest, and utilities. ERC granted tax credits for retaining employees during the… Continue reading ERC Vs PPP – What Is The Difference
