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The Employee Retention Credit

 

 

The Employee Retention Credit

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COVID-19 has been a challenge for all of us. As the world shut down the economy came to a halt, leaving the future of many businesses in a precarious position. As we begin to find normalcy again, businesses now have to focus on recovering and fortunately, several government programs are easing this process.

 

One such program is the Employee Retention Credit or ERC, which is a generous stimulus program designed to bolster those businesses that were able to retain their employees during this challenging time. Due to the extremely complex tax code and qualifications, it is severely underutilized. Details of the program include:

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UP TO $26,000 PER EMPLOYEE

AVAILABLE FOR 2020 & Q1 - Q3 2021

QUALIFY WITH DECREASED REVENUE OR COVID EVENT

NO LIMIT ON FUNDING (ERC IS NOT A LOAN)

ERC IS A REFUNDABLE TAX CREDIT

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ERC Qualifications

While the general qualifications for the ERC 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.

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FULL OR PARTIAL SUSPENSION OF BUSINESS OPERATIONS

A government authority required a partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel, or restrictions of group meetings.

GROSS RECEIPTS REDUCTION

Gross receipt reduction criteria are different for 2020 and 2021 but are measured against the current quarter as compared to 2019 pre-COVID amounts.

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Why ERC Specialists?

 

Dedicated to ERC

No need to be the guinea pig for your CPA. We average 10-20% more funding than a CPA not familiar with the program.

 

Maximum Funding

We evaluate your claim in every way possible to ensure we maximize your credit.

 

Lightning Fast Results

Our streamlined processes allow for faster results, which means faster funding.

 

ERC Program Specialists

Our team strictly focuses on ERC allowing us to be the experts and resulting in more funding for your business.

 

Professional Support

Although our process is quick and painless, when you have questions we have answers with a dedicated team of ERC support specialists

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