Cryptocurrency Q&A
Is the ERC a cash refund?
Is the ERC a cash refund?
ShintoSanctuary
Thu Nov 07 2024
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5
answers
1052
I'm wondering if the ERC, which I've heard about, is actually a cash refund. I need to know if it's a direct payment back to me or if it works differently.
5 answers
Alessandra
Sat Nov 09 2024
The ERC money serves as a refundable tax credit rather than a loan.
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Sara
Sat Nov 09 2024
This implies that businesses do not need to repay the funds received through the ERC.
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Martino
Sat Nov 09 2024
The main objective of the ERC is to provide financial assistance to eligible businesses.
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StarlitFantasy
Fri Nov 08 2024
It aims to mitigate the challenges faced by these businesses in retaining employees during the COVID-19 pandemic.
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Dario
Fri Nov 08 2024
Notably, even companies that have received Paycheck Protection Program (PPP) loans may still be eligible for the ERC.
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