COVID-19, Tax

2020 Employee Retention Tax Credit for Pharmacies

The Consolidated Appropriations Act (CAA), signed into law at the end of 2020, expanded the Employee Retention Tax Credit, which helps businesses struggling economically due to COVID-19 to keep employees on the payroll.

Not all pharmacies will qualify, but this video by Scotty Sykes, CPA, CFP® shares how pharmacies can take a few different approaches to claim this valuable tax credit.

Recent legislation may affect your pharmacy’s tax strategy. Check out our video describing the Consolidated Appropriations Act (CAA) relief bill of 2021 and the opportunities for small businesses.


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