2021年2月27日,众议院通过了 2021年美国救援计划法案 (ARPA). One of the items included in this bill is an extension of the Employee Retention Credit (ERC). The ERC is a refundable payroll credit that is currently set to expire in June 2021. ARPA建议将ERC期限延长至2021年12月. The bill will next go to the Senate where it is expected to be approved using the budget reconciliation process. If the bill is signed into law this would be great news for all qualifying businesses, 尤其是建筑行业.
While companies engaged in residential construction may have seen increased demand, those who work in the nonresidential construction sector are more likely to have experienced a decline in the volume of jobs available. 根据Ed Zarenski的"2021年建筑经济预测”, new jobs started in 2020 declined 24% for nonresidential buildings and 14% for non-building construction work. This is anticipated to result in reduced construction spending and jobs over the next two years. A reduction in construction spending into 2021 would make construction companies prime candidates for the extended ERC.
The ERC currently allows employers to claim a refundable payroll 税 credit for 70% of eligible wages and health insurance costs for up to $10,每名员工000, 2021年前两个季度的每季度. Eligible employers include businesses that have full or partial restrictions due to a government public health order. It also includes businesses with a 20% or greater reduction in gross receipts for a quarter of the year in 2021 as compared to the same quarter in 2019 (for example, 2021年第三季度(与2019年第三季度相比). Businesses with fewer than 500 employees may include wages and health benefits when calculating the credit regardless of whether the employees were providing services. Businesses with more than 500 employees may only include wages and benefits paid to employees who were not providing services (i.e. employees who continued to receive compensation or health benefits while furloughed) when calculating the ERC.
如果通过, the ARPA would extend the aforementioned rules for calculating the ERC through December 2021, giving employers who may see more long-term negative effects of the pandemic an additional opportunity to utilize the ERC.
For more detailed information on the Employee Retention Credit check out our prior article, “The Latest Stimulus Package Enhances the Employee Retention Credit”.
For additional information or assistance with the Employee Retention Credit, reach out to any of your contacts at bet9游戏平台 or contact Matthew Werner at mwerner@freoreport.net 或者罗斯·亚历山德罗 ralessandro@freoreport.net.
相关的帖子
- Employee Retention Credit: IRS’s Voluntary Disclosure Program Expiring
- Proposed American Families and Workers Act of 2024 Legislation – Status Update
- Master Your Credit Card Strategy: A Guide to Maximizing Rewards and Boosting Your Credit Score
- Proposed Bipartisan 税 Plan Released – 概述 of the 税 Relief for American Families and Workers Act of 2024