IRS ensures small businesses access to Employee Retention Tax Credit

WASHINGTON D.C. — Following a push from U.S. Sens. Maggie Hassan (D-N.H.) and Richard Burr (R-N.C.), the Internal Revenue Service issued guidance that will ensure that employers who have received Paycheck Protection Program assistance can fully access the Employee Retention Tax Credit. This follows the senators’ successful effort last year to allow PPP recipients to receive Employee Retention Credit assistance.

“Sen. Burr and I teamed up across the aisle last year to ensure that small businesses could receive additional assistance to keep workers employed and pay for their health-care coverage,” Hassan said. “After raising concerns that we recently heard from businesses who still could not access the relief that we passed into law, I am pleased that the IRS quickly heeded our call and that small businesses can now fully access this important tax credit.”