Federal Infrastructure Bill Would End Employee Retention Credit

OMA Connections Partner CliftonLarsonAllen reports the proposed bipartisan infrastructure bill would end the Employee Retention Credit (ERC) for wages paid after Sept. 30 for most businesses. This means the maximum credit any one employee would be able to generate for a qualifying business in 2021 would be $21,000 (or $7,000 per quarter for each of the first three quarters of the year). 8/4/2021