Subject: Employee Retention Credit and eBay Up and Running Program Reopening
To: Chamber Members
A reminder that businesses may take advantage of the Employee Retention Credit (ERC) created by the CARES Act, allowing businesses to obtain a tax credit as an incentive for keeping employees during the pandemic. It is equal to 50% of qualified wages from Mar.13th, 2020 to Dec.31, 2021.
You qualify for ERC if:
However, the same wages cannot be used both to qualify for forgiveness of a PPP loan and as ERC Qualified Wages.
ERC tax credits apply to the wages and expenses for the following quarters-
Q2 2020: March 13, 2020 – June 30, 2020
Q3 2020: July 1, 2020 – September 30, 2020
Q4 2020: October 1, 2020 – December 31, 2020
Q1 2021: Jan 1, 2021 – March 31, 2021
Q2 2021: April 1, 2021 – June 30, 2021
Q3 2021: July 1, 2021 – September 30, 2021
Q4 2021: October 1, 2021 – December 31, 2021
eBay Up and Running Program: eBay is reopening its program to small businesses who transition into online retail with benefits including a $10,000 grant package composed of cash, premium access to guided online learning content through Seller School, and direct training and coaching from expert sellers and eBay Growth Advisors. eBay is partnering with business accelerator Hello Alice to launch the grants program application and to provide access to mentorship and resources to all sellers who apply, whether they are ultimately chosen for a grant or not. Through Hello Alice, applicants will be enrolled in an online community of similar businesses for peer-to-peer networking and will also have access to thousands of free tools and resources for business owners. The deadline to apply is Sep.3rd
Apply for the program at eBay Up & Running Grants Round 2 (helloalice.com)
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The Chamber of Commerce is organized for the general advancement of civic participation, economic development, and educational support for the communities of the Spanish Peaks area.
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