employerincentives

Employee Retention Credit

Beginning in March of 2020, the COVID-19 pandemic has affected all of us in ways we never thought possible. The US Government put in place several programs to help struggling businesses begin to thrive again. The Employee Retention Credit is the most popular and lucrative of these programs. Now it is time to start putting in place and taking advantage of this tax credit program which is designed to keep cash in the business while keeping your employees paid. It’s not too late to claim your refund, but time is running out to claim any refunds for 2020. Act now!

For more information on how to qualify for the Employee Retention Credit, please see this IRS publication: https://www.irs.gov/pub/irs-pdf/p5887.pdf

Employee Retention Credit (ERC)

The Employee Retention Credit is a 2020 and 2021 payroll tax credit that you can qualify for if you started a business during the pandemic, your business was fully or partially closed due to a government order during that time, or has experienced a significant drop in gross receipts in 2020 or 2021 when compared to 2019. You must have had payroll and paid payroll taxes in 2020 or 2021 to qualify.

This is a refundable credit that pays back 50% of qualified payroll costs in 2020 and 70% per quarter in 2021. Of course, there are caps on how much you can have refunded, and the qualifiers for this credit are sometimes difficult to understand, but that is what we do. We can help you decide which of these programs is right for you. We offer a fully managed solution with easy set up and a low fee. No hidden costs or set-up fees.

Please answer the questions on the questionnaire below to check your possible eligibility for this credit.

This program fits in with the other federal and state programs we help companies administer, but it can be difficult figuring out how they can all work together. We built our business on the expertise of knowing how tax credits work for businesses. This is all we do, and there is never a charge until we find you credits. Please call us at 888-236-7339 xt. 705 for a completely free, no obligation consultation, or fill in the consultation form, and we’ll contact you.