COVID-19 pandemic relief laws created and expanded a refundable payroll tax credit called the Employee Retention Credit (ERC). The IRS just released more guidance on the credit. Notice 2021-49 defines a full-time employee and explains how tips are treated for purposes of the credit. It also provides details about whether wages paid to majority owners and their spouses may be treated as qualified wages. To learn about this and other aspects of the new guidance, contact us or visit:  Call or visit our website for more information!