all about the employee retention credit in 2023

What is the Employee Retention Credit?

As a small or medium-sized business owner, it’s highly probable that your business was negatively impacted by the COVID-19 pandemic, which affected businesses worldwide. However, it’s important to note that you weren’t alone in this situation. 

The origin of the Employee Retention Credit

Due to the widespread financial distress caused by the pandemic, the US government enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help get businesses back on their feet. The CARES Act includes a special section called the Employee Retention Credit (ERTC), which is designed to help eligible businesses recover from the economic impact of COVID-19.


The Employee Retention Credit (ERTC) is a tax credit that was developed as a measure to support and incentivize employers who retained their employees during the COVID-19 pandemic. This credit is offered through the IRS and is designed to provide eligible businesses with a generous payroll tax refund.

An employee retention credit calculator

How much is the Employee Retention Credit?

If you are an eligible employer, you can receive a refund of up to $5,000 per employee for the entirety of the year 2020, and up to $7,000 per employee kept on your payroll for each quarter of the year 2021, from Q1 through Q3. This means that if you retain an employee throughout the entire period of eligibility, you can receive a total refund of up to $26,000 per employee kept on your payroll. To find out how much you’re business is eligible for, please visit our calculator here.
Benefits of the employee retention credit

Benefits of the Employee Retention Credit?

The ERTC serves as an effective incentive for employers to maintain their existing workforce, as it provides them with a significant refund for doing so. If you are an eligible employer, it’s important to consider this credit and take advantage of the opportunity to recover from the economic impact of the COVID-19 pandemic.
Businesses Funded
Eligible Employees
Refunds Received
Staff Nationwide
Employee Retention Credit Scams
Employee Retention Credit

Employee Retention Credit Scams

Employee retention credits have become an indispensable tool for many businesses looking

Ready to see how much you're owed?

1309 Coffeen Avenue STE 1200
Sheridan, Wyoming 82801

© 2023 · Accelerate America LLC 

DISCLAIMER: All information shared should be considered the sole thoughts and opinions of the author(s). This content is for educational purposes and is not personalized financial, tax, investment or legal advice. Accelerate America LLC partners with multiple accounting firms to assist its customers with Employee Retention Credit (ERTC) filing services. This website is not affiliated with the Internal Revenue Service or any governmental organization. Any financial number referenced here, or on any of our sites, are illustrative of concepts only and should not be considered average earnings, exact earnings, or promises for actual or future performance. This site is not a part of the YouTube, Bing, Google or Facebook website; Google Inc, Microsoft INC or Meta Inc. Additionally, This site is NOT endorsed by YouTube, Google, Bing or Facebook in any way. FACEBOOK is a trademark of FACEBOOK, Inc. YOUTUBE is a trademark of GOOGLE Inc. BING is a trademark of MICROSOFT Inc.