Part 5/12:
He reinforces the idea that regions within states can have vastly different economic realities, often influenced by local officials’ political leanings—a crucial consideration for business owners looking to survive and thrive post-pandemic.
The Employee Retention Credit: A "Glorified Grant" for Business Survival
The core of Josh’s talk centers on a remarkable opportunity many business owners overlook: the Employee Retention Credit (ERC). Unlike typical grants or loans, the ERC is a refundable tax credit—essentially, a rebate on wages paid by businesses during 2020 and 2021.