How to Maximize the Employee Retention Tax Credit

The tax credit can be very valuable because it's worth up to the lesser of 50% of whatever you paid in wages and these insurance benefits on the mandated days to be closed or $5,000 per employee for the year. You may have been seeing some of our publications with the ADCPA to notice that this becomes a very tricky calculation to actually maximize the credit as it does tie into the PPP funds that you may have received. The key about this is to have your dental CPA help you in this calculation because you'd like to maximize both programs to receive the most money back on your taxes.