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  • COVID -19: We continue to follow CDC, State and County Guidelines. 
    For more information visit www.smacna.org.

  • News Release - Employee Retention Credit: 4/25/2022

    Topic: Employee Retention Credit (ERC)

    What is the ERC:  The Employee Retention Credit was introduced in the CARES Act (same legislation as the PPP program), with the objective of incentivizing business owners to keep employees working during the pandemic.  In its current state, the credit is worth up to $26,000 per employee for qualifying businesses.
     
    Why you should join:

    Changes to legislation have resulted in confusion and underutilization of the program
     
    Most businesses participated in at least one round of the Paycheck Protection Program, but are either unaware, do not have a clear understanding or have incorrectly determined ineligibility for the ERC.   

    Key Questions:

    • Are you familiar with the Employee Retention Credit?
    • Has your business qualified for all quarters available in 2020 and 2021?
    • Have you incorrectly disqualified yourself?
     
    Bryan Bradford, CPA, CCIFP – bbradford@s1services.com | 410-627-2503
    Director, Source One Business Services (www.s1services.com)


    Bryan Bradford serves as a Director for Source One Business Services.  Source One provides accounting, tax and advisory services to construction, manufacturing, and service trade businesses throughout the Mid-Atlantic. 
     

    Bryan has spent his entire career in the construction industry and has spent the last 15 years with Source One where he leads the firms consulting practice.  As a result of the global pandemic and the passing of the CARES Act, Source One has dedicated itself to assisting its clients navigate the everchanging business landscape. 

    Specifically, as it relates to the Paycheck Protection Program, Employee Retention Credit, and various other government programs, helping secure over $200 million in funding for their clients.