The U.S. IRS has issued guidance on the extended employee retention credit for COVID-19 in a release published 26 January 2021. --- New law extends COVID tax credit for employers who keep workers on payroll IR-2021-21, January 26, 2021 WASHINGTON — The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, made a number of changes to the employee retention...