Help to put cash back into your business with the Employee Retention Credit
You still have time to make a claim!
What is the ERC?
The Employee Retention Credit (ERC) was created as part of the CARES Act passed in March of 2020. The ERC is a refundable, payroll tax credit designed to help businesses during these difficult times. On November 15, 2021, President Biden signed the Infrastructure Investment and Jobs Act into law.
Among the provisions in the legislation, this Act allows employers to claim the ERC from its inception through Q3 of 2021. It eliminated the general ERC for Q4 of 2021, but qualified businesses are still eligible to claim up to *$26,000 per employee.
Additionally, qualifying businesses can still claim the Recovery Startup Business aspect of the ERC for Q3 and Q4.
Did your business experience either a government mandated shut-down (whole or partial shut-down) OR a reduction in Gross Receipts quarter over quarter between March 13, 2020 to September 30, 2021? If yes, you may qualify for significant tax savings.
Your savings potential
Up to $5,000 per employee per year in 2020 (50% of wages up to $10,000)
Up to $7,000 per employee per quarter in Q1-Q3 2021 (70% of wages up to $10,000)
We can help!
If you have not already claimed this payroll tax credit, you can still amend your tax forms to claim this credit for up to three years from your filing date.
Submit the form below to learn more about the ERC!