Description
Did you know? COVID Employee Retention Tax Credit is available for nonprofits who were impacted by COVID in either 2020 or 2021. The credit is worth up to $5,000 per employee in 2020 and up to $21,000 in 2021 for a total of $26,000 per employee. This is a refundable payroll tax credit that will provide a check back to your organization if you qualify.
If your organization either had a temporary or permanent suspension of operations due to a government mandate or had a significant gross receipts decline, you may be eligible.
Join PANO and our partners at First Nonprofit (FNP) for this quick session to learn how to determine if your agency qualifies for this credit – for one quarter or all quarters. And if you do, this is a cash refund back from the IRS with no strings attached!
