Check Your ERC Eligibility
Did you have a decrease in revenue for any quarter in 2020, compared to 2019?
Select all that apply

ERTC Client Wins

Sports Shop

Qualified For: 2021 Q
Claimed: $58,255.00

Hotel Management Firm

Qualified For: 2020 Q2, Q3, Q4
Claimed: $35,391.00

Recreation Venue

Qualified For: 2020 Q2, Q3, Q4
Claimed: $360,384.26

Auto Repair Shop

Qualified For: 2020 Q2, Q3, Q4
Claimed: $295,583.000

Hotel Brand

Qualified For: 2020 Q2, Q3, Q4 and 2021 Q1, Q2
Claimed: $484,948.99

Farm & Ranch

Qualified For: 2020 Q2, Q3, Q4 and 2021 Q3
Claimed: $81,055.00

Answers To All Your ERTC Questions

The Employee Retention Credit is a refundable tax credit that was introduced in the 2020 CARES Act to provide relief to employers who retained staff during COVID-19.

Following its initial enactment, the ERC was updated by the Relief Act, the American Rescue Plan, and the Infrastructure and Jobs Act.

Yes, the CARES Act was retroactively updated in 2021 to allow PPP recipients to claim the ERTC. However, you cannot use the same wages to qualify for both the PPP and the ERTC.

To be eligible for the ERC, you must have either suspended operations due to government mandates or experienced a decline in quarterly gross receipts when compared to the same periods in 2019.

Although the ERC has been terminated for most businesses as of Sept. 30, 2021 and for all businesses as of Dec. 31, 2021, it can still be claimed retroactively.

Our firm refers to IRS Notice 2021-20 (p. 25) for an official definition of a qualifying shutdown. 

Examples include an order from the mayor, a local ordinance, or an order from a local health department mandating a business closure for COVID-19 cleaning and disinfection purposes.

For 2020, if you had 100 or fewer staff, you may claim the ERC for up to 50% of wages paid to working and non-working staff during your eligible periods. If over 100, you can only claim 50% of wages paid to non-working staff in eligible periods.

For 2021, if you had 500 or fewer staff, you may claim the ERC for up to 70% of wages paid to working and non-working staff in eligible quarters. If over 500, you may claim 70% of wages paid to staff who did not work during your ERC-eligible periods.

Once you’ve determined your eligibility and calculated your qualified wages, you can claim the ERTC by filing Form 941-X for the quarters in which you are eligible. 

Be sure to decrease the amount of your deductible wages on your income tax return by the amount of your ERC tax credit.

For 2020, you can receive a maximum of $5,000 per employee. For 2021, you can receive up to $7,000 per employee per quarter.

The ERTC expired at the end of 2021, but it can be claimed retroactively on a Form 941-X within the statue of limitations, which is 3 years.

This means that the 2020 ERTC will expire in Q1 of 2023.

ERTC Example

Period

Qualified Wages for 10 employees

ERC Amount

2020 Q3

$100,000

$50,000

2021 Q1

$100,000

$70,000

2021 Q2

$100,000

$70,000

TOTAL

$300,000

$190,000

ERTC Client Wins

Hotel Chain

Qualified For: 2020 Q2, Q3, Q4
Claimed: $47,975.00

Janitorial Services

Qualified For: 2021 Q1, Q2, Q3
Claimed: $228,000.00

Construction Company

Qualified For: 2021 Q1, Q2, Q3
Claimed: $182,715.40

Martial Arts Company

Qualified For: 2020 Q2, Q3,Q4 and 2021 Q1, Q2
Claimed: $56,652.22

Media Company

Qualified For: 2021 Q1, Q2, Q3
Claimed: $35,351.13

Restaurant

Qualified For: 2020 Q2, Q3, Q4, and 2021 Q1, Q2
Claimed: $96,037.54

Learn More About The Employee Retention Tax Credit

Are you overlooking the Employee Retention Tax Credit opportunity? - The Business Journal

Screenshot 2022-07-25 at 16-32-56 BLOG Debunking 4 myths about the Employee Retention Tax Credit

Debunking 4 myths about the Employee Retention Tax Credit - The Business Journal

A Church Leader's Guide To The Employee Retention Credit

Claim Your ERTC

Get every dollar of ERTC you deserve.

Our CPA firm has helped hundreds of businesses claim thousands with the ERTC. From sports shops and restaurants to hotel chains and nonprofits, our accountants have worked diligently to get the ERTC for all types of businesses. If you’re interested in getting the ERTC, contact us and we’ll do our due diligence to ensure you get the best possible outcome.