The Employee Retention Credit is a fully refundable tax credit for employers equal to 50% of qualified wages (including certain qualified health plan expenses) that Eligible Employers pay their employees. This Employee Retention Credit applies to qualified wages paid after March 12, 2020, and before January 1, 2021. The maximum amount of qualified wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $5,000.

We have created a Sage Knowledgebase article containing the reports and tracking in Sage 50 US that can be used to help with the reporting requirements.  

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