The Employee Retention Credit – ERC
ERC Can Help Business Owners receive what the government owes you. Qualify for ERC During the COVID shutdowns, if you retained employees your business could be eligible for a tax refund of up to $26k per employee.
The purpose of the ERC was to encourage employers to keep employees on the payroll even if they were not working during the covered period due to the effects of the outbreak of coronavirus.
Businesses required to suspend some or all operations due to COVID-19 government restrictions or companies that lost 50% of their gross receipts from the same quarter of the previous year qualified for the ERC.
A refundable tax credit given to business owners for keeping employees on their payrolls during the COVID-19 pandemic.
See if you qualify for ERC Here
To find normalcy again businesses have to focus on recovering and fortunately there are government programs to ease the process.
COVID-19 has not been easy for all of us and if you own a business it left you in a precarious position. The future of your business was in jeopardy with the shut down of the world and the economy coming to a halt.
Designed to bolster businesses, with a generous stimulus package those businesses that were able to retain employees during COVID-19.
Severely underutilized due to complex tax code and qualifications.
Qualifications
UP TO $26,000 PER EMPLOYEE
AVAILABLE FOR 2020 & Q1 – Q3 2021
QUALIFY WITH DECREASED REVENUE
OR QUALIFY WITH COVID EVENT
NO LIMIT ON FUNDING (ERC IS NOT A LOAN)
ERC IS A REFUNDABLE TAX CREDIT
While the general qualifications for the program seem simple, the interpretation of each qualification is very complex. Our significant experience allows us to ensure we maximize any qualifications that may be available to your company.