Business

Merchants Bank and SBDC to Educate Business Owners on How to Claim Employee Retention Tax Credit During Dec. 6 Workshop

Merchants Commercial Bank in collaboration with the V.I. Small Business Development Center, will host an informational workshop on the Employee Retention Tax Credit (ERTC) program on Dec. 6, the bank made known via release Wednesday. The workshop will feature presentations by The Strategy Group and OBI CAI Management Consulting Solutions focused on providing businesses with the tools to process a claim under the ERTC program.  The ERTC is a refundable credit that businesses throughout the territory can claim on qualified wages, including certain health insurance costs, paid to employees after March 12, 2020, through the end of the program – regardless of whether the business participated in the SBA Paycheck Protection Program (PPP).  “The ERTC informational workshop exemplifies Merchants Commercial Bank’s (MCB) continued commitment to assisting businesses and has invited two preeminent professional service entities (The Strategy Group and OBICAI Management Consulting Solutions) to ...