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(3/29) Ziegler: Employee Retention Credit ‘A Great Opportunity’

By Joanne Kaldy / March 28, 2021

An Employee Retention Credit (ERC), part of the new CARES Act, is big news for smaller employers. Here’s what you need to know about it:

  • The program has been around since last March, but it didn’t become a viable option for senior living providers until December.
  • The ERC is a refundable credit against certain employment taxes. It was initially established to address organizations that have been materially impacted by COVID-19.
  • The CARES Act makes PPP loan recipients, in addition to organizations materially impacted by COVID-19, eligible for the credit.
  • To qualify, businesses need to have a decline in gross receipts of 20% in 2021. They also need to have been impacted by government mandates, such as office closures or partial suspension of operations.

Read the full article.

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AROUND THE WEB

Items of interest from across the web.

  • (6/29) Help Your Team (Actually) Work Smarter, Not Harder – Harvard Business Review
  • (6/29) $25 Million Grant Will Boost Long-Term Care Workforce Pipeline in California — McKnights
  • (6/28) Employees Probably Don’t See Your Corporate Culture the Same Way You Do — TLNT
  • (6/28) Why You Need Workforce Planning – Workforce.com
  • (6/27) Employers Prepare Benefits and Policy Responses to Abortion Ruling, SHRM Survey Finds – SHRM
  • (6/27) Staffing Trends Study Could Create Roadmap for Helping Long-Term Care Industry – McKnights
  • (6/24) Former CMS Administrator Predicts Dire Near-Term Outlook for Home Health Industry – Home Health Care News
  • (6/24) Number of the Day: Skyrocketing Turnover – HR Executive
  • (6/23) ProMedica Senior Care President: Nursing Home Operators Need to ‘Embrace the Disruption’ – Skilled Nursing News

 

 

 

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Editor: Joanne Kaldy

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