Employee Retention Credit
Take advantage of the new COVID-19
Employee Retention Credit.
You could qualify even if you received a PPP and/or if your business was affected by the pandemic.
Get up to $26,000 per employee in
cash refunds for 2020 & 2021
What is the Employee Retention Credit?
The Employee Retention Tax Credit (ERC) is a refundable tax credit intended to reward businesses that retained employees throughout the COVID-19 pandemic. The ERC is available to both small and mid sized businesses. It was put into law on March 27, 2020, as part of the CARES ACT. The bill was expanded in 2021.
Businesses impacted by COVID-19 can claim up to $5,000 in refundable tax credits for each W-2 employee on payroll in 2020 and up to $7,000 credit per quarter (excluding Q4) for each employee in 2021.
Who is eligible to claim the ERC?
If your business operations were impacted or changed during one of the qualifying calendar quarters due to a COVID-19 related government order.
OR
For quarters in 2021, your business revenue decreased by more than 20% compared to the same quarter in 2019 or immediately preceding quarter.
STEP 1.
A risk free, no cost assessment
STEP 2.
Certification of qualified employees
STEP 3.
Delivery of your substantiating report
We are actively working with businesses in every industry helping them claim this beneficial tax break.
Our close relationships with industry experts allow us to streamline the process for our clients.
THE VALUE
The Employee Retention Credit is one of the largest credits available to businesses. It is delivering thousands of dollars in credits per employee with qualified wages.
A few qualifying factors could be:
- 20% drop in quarterly revenue;
- numerous projects canceled or delayed due to COVID-related disruptions;
- Delayed production timelines caused by supply chain disruptions;