Call Today : 800-398-3691
Employee Retention Tax Refund - Up To $26,000 Per Employee
A Simple And Accurate Process - With No Up Front Fees To You.
What is ERC?
The Employee Retention Credit (ERC) is a Payroll Tax Credit Refund designed to reward businesses for retaining employees during COVID-19. The credit was initially signed into law March 2020 as part of the CARES Act. The credit was later expanded upon with the Consolidated Appropriations Act in December 2020 and the American Rescue Plan Act in June 2021.Business Owners can receive a refundable credit up to $5,000 per employee in 2020, and $7,000 per employee, per quarter (excluding the 4th quarter), in 2021 for qualified wages. The total refund can total up to $26,000 per employee.
You are eligible if you had W2 Employees in 2020 or 2021 and ANY ONE of the following:
1. If you had a reduction in revenue
50% Reduction In 2020 - If there is a reduction in your gross receipts in 2020 when comparing to the same quarter in 2019 by at least 50%
and/or
50% Reduction In 2020 - If there is a reduction in your gross receipts in 2020 when comparing to the same quarter in 2019 by at least 50%
and/or
20% Reduction in 2021 - If there is a reduction in your gross receipts in 2021 when comparing to the same quarter in 2019 by at least 20%
2. If your business was impacted by a Government Mandate
If a governmental order had more than a nominal impact on your business operations, such as:
3. If you started your business after February 15, 2020
If you started a business after February 15, 2020, and had annual gross sales receipts less than $1,000,000.
2. If your business was impacted by a Government Mandate
If a governmental order had more than a nominal impact on your business operations, such as:
- Required to fully or partially suspend operations tied to governmental orders.
- Inability to obtain critical goods or materials from suppliers because they were required to suspend operations due to governmental orders.
- Limiting occupancy to provide for social distancing due to governmental orders.
- Governmental orders to shelter in place preventing employees from going to work.
- Other similar impacts from government.
3. If you started your business after February 15, 2020
If you started a business after February 15, 2020, and had annual gross sales receipts less than $1,000,000.
How Our Process Works
YOU WILL WORK DIRECTLY WITH OUR CPAS TO:
