The ERC (Employee Retention Credit) program established by the CARES Act has been curtailed by the US federal infrastructure bill that was signed into law this week.
The credit now only applies to qualified social security taxes paid thorough September 30, 2021 instead of December 31, 2021.
But don’t worry if you haven’t claimed those tax credits through September—you can do so retroactively. Check your payroll to make sure you’ve maximized the program, and check the accruals factored into your budget projections to make sure you’re not counting on refunds that were just eliminated.
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Written by Aron Goldman. Aron is a Mentor with JCamp 180. Aron’s focus areas at JCamp 180 include camper enrollment, recruitment, and retention. He also directs our year-long Enrollment Program. Aron also has experience working as a consultant with grassroots, regional, national, and international organizations in the areas of capacity-building, strategy, and systemic change.
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Who we are: JCamp 180 is a program of the Harold Grinspoon Foundation (HGF). Our goal is to significantly enhance the long-term effectiveness of nonprofit Jewish camps in North America. To meet this goal, we provide affiliated Jewish camps with consulting services, annual conferences, shared resources, professional development, and matching grant opportunities. Find more at www.jcamp180.org