Specialists in Maximizing the Employee Retention Credit (ERC) Program.
About The ERC Program
What is the Employee Retention Credit (ERC)?
ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.
Established by the CARES Act, it is a refundable tax credit – that you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.
Up to $26,000 per employee
Available for 2020 and the first 3 quarters of 2021
Qualify with decreased revenue or COVID event
ERC is a refundable tax credit
Within approximately three to six months your business can receive these funds to further your much needed cash flow.
What is the Employee Retention Credit (ERC)?
ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.
Established by the CARES Act, it is a refundable tax credit – that you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.
Up to $26,000 per employee
Available for 2020 and the first 3 quarters of 2021
Qualify with decreased revenue or COVID event
ERC is a refundable tax credit
Within approximately three to six months your business can receive these funds to further your much needed cash flow.
How do you know if your business is eligible?
Let us help you to decide if you qualify.
Your business must have been negatively impacted in either of the following ways:
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 receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.
A business can be eligible for one quarter and not another.
Initially, under the CARES Act of 2020, businesses were not able to qualify for the ERC if they had already received a Paycheck Protection Program (PPP) loan. With new legislation in 2021, employers are now eligible for both programs. The ERC, though, cannot apply to the same wages as the ones for PPP.
Your business must have been negatively impacted in either of the following ways:
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 receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.
A business can be eligible for one quarter and not another.
Initially, under the CARES Act of 2020, businesses were not able to qualify for the ERC if they had already received a Paycheck Protection Program (PPP) loan. With new legislation in 2021, employers are now eligible for both programs. The ERC, though, cannot apply to the same wages as the ones for PPP.
Why Us?
The ERC underwent several changes and has many technical details, including how to determine qualified wages, which employees are eligible, and more. Your business’ specific case might require more intensive review and analysis. The program is complex and might leave you with many unanswered questions.
We can help make sense of it all. Our dedicated experts will guide you and outline the steps you need to take so you can maximize the claim for your business
We can help make sense of it all. Our dedicated experts will guide you and outline the steps you need to take so you can maximize the claim for your business
Frequently Asked Questions
What period does the program cover?
The program began on March 13th, 2020 and ends on September 30, 2021, for eligible employers.
You can apply for refunds for 2020 and 2021 after December 31st of this year, into 2022 and 2023. And potentially beyond then too.
We have clients who received refunds only, and others that, in addition to refunds, also qualified to continue receiving ERC in every payroll they process through December 31, 2021, at about 30% of their payroll cost.
We have clients who have received refunds from $100,000 to $6 million.
Do we still qualify if we already took the PPP?
Yes. Under the Consolidated Appropriations Act, businesses can now qualify for the ERC even if they already received a PPP loan. Note, though, that the ERC will only apply to wages not used for the PPP.
Do we still qualify if we did not incur a 20% decline in gross receipts?
Your business qualifies for the ERC, if it falls under one of the following:
Do we still qualify if we remained open during the pandemic?
Yes. To qualify, your business must meet either one of the following criteria:
Is there an upfront cost?
Absolutely not! We do not collect any fees upfront!
The program began on March 13th, 2020 and ends on September 30, 2021, for eligible employers.
You can apply for refunds for 2020 and 2021 after December 31st of this year, into 2022 and 2023. And potentially beyond then too.
We have clients who received refunds only, and others that, in addition to refunds, also qualified to continue receiving ERC in every payroll they process through December 31, 2021, at about 30% of their payroll cost.
We have clients who have received refunds from $100,000 to $6 million.
Do we still qualify if we already took the PPP?
Yes. Under the Consolidated Appropriations Act, businesses can now qualify for the ERC even if they already received a PPP loan. Note, though, that the ERC will only apply to wages not used for the PPP.
Do we still qualify if we did not incur a 20% decline in gross receipts?
Your business qualifies for the ERC, if it falls under one of the following:
- 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 receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.
Do we still qualify if we remained open during the pandemic?
Yes. To qualify, your business must meet either one of the following criteria:
- Experienced a decline in gross receipts by 20%, or
- Had to change business operations due to government orders
Is there an upfront cost?
Absolutely not! We do not collect any fees upfront!
Schedule an ERC Call
** IF YOU ONLY HAVE 1099 EMPLOYEES - PLEASE DO NOT BOOK AN APPOINTMENT; YOU WILL NOT QUALIFY FOR ERC**
You must have at a minimum 5 full time W2 employees and less than 500 W2 employees. If you had Part time employees, you may still qualify but this may require a higher amount of employees. Let us help you decide!
ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.
Up to $26,000 per employee
Available for 2020 and 3 quarters of 2021
Qualify with decreased revenue or COVID event
** IF YOU ONLY HAVE 1099 EMPLOYEES - PLEASE DO NOT BOOK AN APPOINTMENT; YOU WILL NOT QUALIFY FOR ERC**
You must have at a minimum 5 full time W2 employees and less than 500 W2 employees. If you had Part time employees, you may still qualify but this may require a higher amount of employees. Let us help you decide!
ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.
Up to $26,000 per employee
Available for 2020 and 3 quarters of 2021
Qualify with decreased revenue or COVID event
