#EXECUTIVE ASSAULT 2 ASSEMBLY PLANT FULL#
Even if a manufacturing company revenue didn't decline, or even if it increased, under the full and partial shutdown rules and/or supply chain issues, most manufacturing companies may still qualify for up to a $26,000 to $33,000 employee retention tax credit refund per employee on the company's payroll during the 20 tax years. Manufacturers were forced to partially or fully close factories, limit assembly line capacity, reduce workforce operation capacity, reduce hours of operation, and had on-going supply chain delay issues of getting raw materials from overseas, to shipping their products to their dealers and suppliers.
Many manufacturers in every state qualify a portion of the eligibility period due to mandated state government, county, city, or municipality restrictions placed on plant locations during the COVID pandemic. LOS ANGELES, CA / ACCESSWIRE / / The Employee Retention Credit (ERC) tax refund for manufacturing companies, distributors, suppliers, plants, manufacturers, and other small and large factory-type businesses, provides a valuable tax refund from the Internal Revenue Service (IRS).
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