How the Employee Retention Credit Can Benefit Nonprofit Organizations
However, as a result of this record-giving year, many nonprofit organizations ("NPOs") had no revenue decline during 2020 and/or 2021.
- However, as a result of this record-giving year, many nonprofit organizations ("NPOs") had no revenue decline during 2020 and/or 2021.
- We find all too often that because of this fact, many NPOs may still be under the incorrect assumption that they do not qualify for the Employee Retention Credit (ERC).
- The ERC was designed to encourage the retention of employees in both profitable and non-profitable businesses.
- Employee Retention Credit is unrestricted and can be used to bolster any programs or objectives within your organization.