21
Oct
New legislation proposes to terminate the $7,000 credit per employee for the fourth quarter of 2021 for qualifying organizations.
Key insights
The Employee Retention Credit may terminate after September 30, 2021.
Recovery startup businesses would still qualify to claim the credit for the fourth quarter of 2021.
A second bill dealing with “human” infrastructure may reinstate the credit for the remainder of the year, but there is no guarantee.
Update: This article was originally published on August 2, 2021. It was...