Claim Up To $26,000 Per Employee In 2020 and 2021
The Employee Retention Credit (ERC) is a refundable tax credit enacted to reward business owners for retaining employees throughout the COVID-19 pandemic.
Since being passed in March 2020, the ERC was significantly amended by the 2020 Relief Act, the American Rescue Plan (2021), and the 2021 Infrastructure Investment and Jobs Act (IIJA).
- Claim up to $5,000 in refundable tax credits per employee in 2020
- Receive up to $7,000 per employee per quarter in 2021 (excludes Q4)
- Schedule a free call to check your ERC eligibility!
Dentist Gets $23,000 From The ERC
A dentist who has been our accounting client since 2013 became interested in the Employee Retention Credit and, after conducting an ERC eligibility assessment, we found that they qualified for $23,000 and helped them process the appropriate filings and claim the ERC for their business.
We’ve helped hundreds of business owners claim the full amount of the ERC and we’d love to help you do the same!
Are You Eligible For The ERC?
| Period | 2020 | 2021 (Q1-Q3) |
|---|---|---|
| Who Is Eligible? | Any trade, business, or tax-exempt organization | Any trade, business, 501(c)(1) and 501(a) organizations, colleges, and medical facilities. |
| How Do I Qualify? | Full or partial shutdown due to COVID-19 mandates, OR 50% or more decline in gross receipts compared to the same period in 2019. | Full or partial shutdown due to COVID-19 mandates, OR 80% or more decline in gross receipts compared to the same period in 2019. |
| How Much Can I Receive? | IF 100 or fewer employees in 2019, 50% of wages paid to working and non-working employees during qualifying quarters. Annual cap of $5,000 per employee. IF more than 100 employees in 2019, 50% of wages paid to non-working employees during eligible periods. Capped at $5,000 per employee for the year. | IF 500 or fewer employees in 2019, 70% of wages paid to working and non-working employees during eligible periods. Credit is capped at $7,000 per employee per calendar quarter. If more than 500 employees in 2019, 70% of wages paid to non-working employees during eligible periods. Credit is capped at $7,000 per employee per calendar quarter. |
Join Hundreds Of Happy Clients
Take Advantage Of The ERC Opportunity In 1-2-3
1. A free, no risk assessment
2.Certification of ERC eligibility
3. Final eligibility results and claiming assistance
Questions about the ERC?
After you’ve determined that you qualify for the ERC, you can claim the ERC in one of two ways:
- Reduce the employment tax deposits you are otherwise required to make
- If your credit amount is greater than your employment tax deposits for a given period, you can get an advance refund of the credit using Form 7200.
You can learn more about the ERC in the following places:
