The omicron variant of the coronavirus is one of the latest waves that humanity is experiencing. The virus has spread all around the globe instantly, which caused a sense of fear and trauma among the people. This has further led to new cases and lockdown extensions. However, this new variant is more contagious than the previous ones, and fully vaccinated people are also getting infected by this. Under this background, you may be wondering about the Covid impact ERC deadline to safeguard your business. Well, if that’s the case, then this blog is for you.
Since the pandemic, the government has introduced various Covid relief packages, including the CARES Act, Consolidated Appropriations Act, and the American Rescue Plan. Several initiatives were also taken for the businesses which avoided laying off employees, such as the Employee Retention Credit. Although these were some of the spectacular measures by the government in one way or the other, these are impacted by the new omicron variant, and its significance may get hampered.
Source : CPA Due Diligence
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