Employee Retention Credit -The Treasury Department and the Internal Revenue Service have launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.

• Important details are available from the IRS.
• IRS FAQ - Employee Retention Credit
• New IRS Form 7200 application for obtaining the credits.