Did you know that there is an Employee Retention Credit (ERC) for employers affected by qualified disasters? Hurricanes. Wildfires. Floods. Tornadoes. And more.
This credit is worth 40% of qualified wages paid to each employee (max credit $2,400 per employee) during a period of time when the business location, which much be in a designated disaster zone (by FEMA), was inoperable due to a qualified disaster in 2018-2020.