How ERC Works
Learn more about the Employee Retention Credit and find out if your company qualifies for a refund. Our team of CPAs handles your ERC refund from start to finish. We are experts in navigating the complexities of the ERC tax credit program. Our fee is significanly less than others and we include audit support. CPA guaranteed. Contact us today for your free ERC estimate!
What is the Employee Retention Credit?
The Employee Retention Credit (ERC) is a payroll tax refund born out of the same COVID relief bill as PPP which incentivized businesses who kept employees on payroll during the pandemic. Your business can claim ERC (up to $26,000 per W-2 Employee) even if you received PPP funds. That’s great news for your business!
Established by the CARES Act, the ERC (Employee Retention Credit) is a refundable tax credit, not a loan.
Does Your Business Qualify for ERC?
If your business retained employees throughout the pandemic closures, you may be eligible for an ERC payroll tax refund of up to $26,000 per W-2 employee!
Your business may qualify for a big refund! Contact us today for your complimentary ERC refund estimate.
DOES MY BUSINESS QUALIFY?
ERC Tax Credit Qualifications
Receive up to $26,000 per W-2 employee! You have to meet one of the following to qualify:
50% decrease in gross revenue in 2020
In any quarter 2-4 compared to the corresponding quarter in 2019. (For example Q2 of 2020 would compare to Q2 of 2019)
20% decrease in gross revenue in 2021
In Quarters 1-3 compared to the corresponding quarter in 2019. (For example Q1 of 2021 would compare to Q1 of 2019)
Recovery startup credit
Formed business after Feb 15 2020 and have non officer or family member employees in Q3 and/or Q4 of 2021. Must have under 1 million gross revenue in 2020 and 2021.
Supply chain disruption
An employer may be able to claim a full or partial suspension of operations due to a governmental order that affects its supplier, but only if certain criteria are met. These criteria include the supplier's ability to deliver critical goods as a result of a governmental order, the employer's ability to obtain critical goods from another supplier, and the impact on the business if it cannot obtain these critical goods. It's important to note that all three of these factors must be present for an employer to claim a suspension.
Contact our ERC specialist today if you have any questions!