Employee Retention Credit
Tax-exempt hospitals had many of the same struggles as for-profit employers during this pandemic, but were deemed ineligible for the Employee Retention Credit (ERC) in 2020.
Fortunately, in 2021, these tax-exempt entities are now eligible for this impactful credit.
Because the ERC offsets payroll taxes (which everyone with W-2 employees pays) rather than corporate income taxes, the ERC can benefit tax-exempt employers.
HIREtech can help reward your hospital for retaining employees even when income or enrollment is down!
Your hospital should be compensated for retaining its staff through tough times– now this credit can help you do just that.
HIREtech has a team of tax attorneys and has calculated this credit since its origin in early 2020 – let us use our expertise to save you time and money.