If you paid W-2 wages in 2020 or 2021, you could be eligible to...
Get $26,000 Per Employee
It’s called the Employee Retention Tax Credit:
Multiple ways to qualify, even if you took PPP, even with NO revenue decline
45 sec quiz: See how much you can get
Up to $26,000 per W-2 Employee
The ERC was signed into law in March of 2020 and allows a tax refund up to a max of $26k per employee for wages paid in the years 2020 and 2021. To see how much you prequalify for, book a friendly consultation call with an ERC Expert now.
What is the Employee Retention Credit?
The ERC is a payroll tax refund for up to $26,000 per W-2 employee, that you don’t have to pay back. The pandemic and the resulting shutdown caused significant damage to businesses, leading Congress to pass several stimulus acts to quickly provide aid. The ERC was signed into law by our President in March of 2020 as part of the massive $2.2T Coronavirus Aid, Relief, and Economic Security (CARES) Act.
At the beginning of the pandemic, PPP got all the media attention while the ERC was largely unknown. Due to a lack of understanding (even among many CPAs), few businesses took advantage of the ERC. Many people believed they were not eligible for it, even though it was often just as good or better than the PPP.
Today, the ERC program has been amended multiple times, and more business owners are taking advantage of the program before it expires.
“Why have I heard more about the Paycheck Protection Program (PPP) than the ERC?”
Did You Have a “Change in Business Operations” in 2020 and/or 2021?
How to Qualify for the ERC (Option #1):
Did you Have Revenue Decline in 2020 and/or 2021?
How to Qualify for the ERC (Option #2):
- Change in business hours
- Partial suspension of operations
- Change in business model
- Supply chain disruptions
- Reduction in services offered
- Restricted travel to job sites
- Social distancing requirements
See if your business prequalifies for the ERC due to a change in business operations.
Did your business experience a:
See if your business prequalifies for the ERC due to a revenue decline.
Finally! Get your ERC funds, cash-in-hand, in as little as 30 days!
Don't miss out on this opportunity to receive up to $26,000 in tax credits for your employees.
Claim yours today before the rules change again!
What is the Employee Retention Credit (ERC)?
The Employee Retention Credit is like a government grant that you don’t have to pay back. It’s a tax credit designed to help businesses keep employees on their payroll during the COVID-19 pandemic.
Who is eligible for the Employee Retention Credit?
Eligible businesses include those that experienced a significant decline in revenue due to COVID-19 or were fully or partially shut down by government order.
How much is the credit worth?
The credit is worth up to 70% of eligible wages paid to employees, up to a maximum credit of $26,000 per employee.
How long will the credit be available?
The credit is available for wages paid between March 13, 2020, and December 31, 2021 and you have up to three years to claim it.
Can businesses claim both the Employee Retention Credit and the Paycheck Protection Program (PPP) loan?
Yes, but businesses cannot claim both the Employee Retention Credit and the PPP loan for the same wages.
Can businesses claim the credit for employees who are working from home?
Yes, businesses can claim the credit for employees who are working from home.
Can businesses claim the credit for employees who are on leave?
Yes, businesses can claim the credit for employees who are on leave.
Can businesses claim the credit for employees who were furloughed or laid off but have now been rehired?
Yes, businesses can claim the credit for employees who were furloughed or laid off but have now been rehired.
How does a business claim the Employee Retention Credit?
Businesses can claim the credit by submitting a quarterly amended employment tax return (Form 941-X) while providing proof of revenue decline or a “change in business operations” that resulted from government orders.
How will businesses receive the credit once they've claimed it?
The credit will offset the business's employment tax liability, and any excess credit will be refunded in the form of a check from the U.S. Treasury.
Can businesses claim the Employee Retention Credit retroactively?
Yes, businesses can claim the credit retroactively for wages paid in 2020 and three quarters in 2021.
Can businesses claim the credit if they've received other COVID-related relief such as the Economic Injury Disaster Loan (EIDL)?
Yes, businesses can claim the credit even if they've received other COVID-related relief.
What documentation is needed to claim the Employee Retention Credit?
Businesses should keep documentation that shows the decline in revenue or the government order that caused them to shut down.
Are there any limitations on the credit for highly compensated employees?
Yes, the credit is limited for highly compensated employees (defined as earning over $250,000 annually).
Can tax-exempt organizations claim the Employee Retention Credit?
Yes, tax-exempt organizations can claim the credit.
Is there any penalty for claiming the Employee Retention Credit wrongly?
Yes, there can be penalties for claiming the credit wrongly, including interest and possible civil or criminal penalties.
Frequently Asked Questions
How our process works.
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- 50% revenue decline in 2020 compared to 2019, or…
- 20% revenue decline in 2021 compared to 2019
Multiple Ways to Qualify
The IRS allows businesses to qualify with either: a) reduction in revenue or b) a change in business operations as a result of government mandates. If the pandemic negatively affected your business, book a short call with an ERC Expert now.
Get Your Funds Faster
You can choose to wait 3-12 months for the government to issue your refund, or choose our “Fast and Fair” ERC Advance to get your funds in as little as 14 days after your documents have been collected. Speak with an ERC Advance Expert to get started.
STEP
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Get Paid.
You’ll receive a check directly from the IRS.
What is the Employee Retention Credit?
"We are committed to providing conservative and honest numbers for your audit protection, so you can sleep well at night. Our network of CPAs is experienced in the ERC Program and has processed millions of dollars in tax credits for businesses across the country. When you work with us, you have the option of getting your money quickly. You can choose to wait 3-9 months for IRS processing, or use one of our financing partners to receive your cash in as little as 14 days after your documents have been collected."
It’s called the Employee Retention Tax Credit:
If you paid W-2 wages in 2020 or 2021, you could be eligible to...
Up to $26,000 per W-2 Employee