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If your business has suffered during the pandemic and you retained W-2 employees over the last two years, we have great news. You may be eligible for significant tax credits from the Employee Retention Credit (ERC). This credit gives you up to $26,000 per W-2 employee. It's a refundable tax credit, not a loan, so you don't have to pay it back.
Even if you applied before, the rules have changed and many more businesses are eligible for the ERC credits. The program doesn't require a reduction in revenue, only an impact to your business from COVID-19. If you faced supply chain issues, reduced hours, equipment shortages or increased cleaning requirements, you can qualify. In fact, most businesses with W-2 employees qualify for the ERC program, even if you received PPP and/or EIDL.
How do I Qualify?
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.
FULL OR PARTIAL SUSPENSION OF BUSINESS OPERATIONS - A government authority required 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 (50%) and 2021 (20%) but are measured against the current quarter as compared to 2019 pre-COVID amounts.
SUPPLY CHAIN ISSUES - Couldn't obtain critical goods? Experienced extremely long shipping delays? Did this affect your business by more than 10%?
Here's How It Works:
Your business is pre-qualified by ERC Specialists
ERC Specialists will quickly inform you of the size of your credit
You'll submit your payroll reports, financial reports, if applicable and PPP info, if applicable
Our team of specialists will maximize your Employee Retention Credit and submit your application to the IRS
We do the work and YOU collect the funds
Want Some Help?
Use the ERC Discovery ZOOM Call link to schedule a zoom call with me and I will fill out the form with you :)
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