In early March of this year, President Joe Biden signed into law the $1.9 trillion American Rescue Plan Act. Among the Act’s provisions was the further extension of the Employee Retention Credit (ERC), a refundable tax credit for employers that have suffered financial hardship caused by the COVID-19 pandemic. The ERC was first made available on March 27, 2020 through the enactment of the Coronavirus Aid, Relief and Economic Security (CARES) Act, and then previously extended through the Taxpayer’s Certainty and Disaster Relief Act on December 27, 2020.