The Employee Retention Credit – A Potential Source of Sizable Federal Aid for Qualifying Nonprofits

If your nonprofit organization has experienced a significant decline in revenues or if it was subject to a government-mandated reduction in its activities, your organization may be eligible for a sizable federal cash benefit called the Employee Retention Credit.

Because this benefit comes in the form of a “tax credit,” and because the eligibility rules have a number of details, the Employee Retention Credit can seem intimidating. Our team has created an explanatory guide to the Employee Retention Credit, and we have worked to make it as readable and non-technical as possible. Additionally, we plan to offer a webinar on the subject soon to further explain it.

Since the Employee Retention Credit could provide substantial funds to eligible organizations, we believe the leaders of every nonprofit organization should have a basic awareness of the eligibility requirements. A basic awareness will allow a nonprofit’s leaders to determine whether to further evaluate their organization’s eligibility for the benefit.


To read our explanation of the Employee Retention Credit, click here.


BMWL Can Help

BMWL’s COVID-19 Task Force is ready, willing, and able to help our clients navigate the Employee Retention Credit. Nonprofit organizations that would like the assistance of our Task Force in addressing the Program should contact us at [email protected].

This publication is for general informational and educational purposes only, and does not constitute legal, accounting, tax, financial, or other professional advice. It is not a substitute for professional advice. For permission to reprint, please contact us.  © 2024 Batts Morrison Wales & Lee, P.A.  All rights reserved.
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