A Look at the Extended Employee Retention Credit

The American Rescue Plan (ARP) gave some clarity and additional relief to businesses seeking to utilize the employee retention credit (ERC). In this summary, OMA Connections Partner CliftonLarsonAllen explains that the credit has been extended through the end of 2021, allowing up to $7,000 per employee per quarter for eligible employers — for a maximum credit of $28,000 per employee this year. The ARP clarifies what wages are excluded from the ERC. 3/24/2021