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The Coronavirus Aid, Relief, and Economic Security Act introduced the Employee Retention Credit (“CARES ERC”), a refundable payroll tax credit intended to provide aid to employers impacted by the COVID-19 pandemic.* The CARES ERC was designed to encourage employers to retain employees on payroll despite facing operational and financial challenges in light of the pandemic.
The filing deadline for the CARES ERC has passed and Synergi no longer processes this credit. Synergi will continue to provide support to our existing CARES ERC clients should a need arise. Please contact your Client Service Manager or Sales Representative with any questions.
*Additional legislation affecting the CARES ERC included the Consolidated Appropriations Act, the American Rescue Plan Act, and the Infrastructure Bill.