Was introduced through the CARES Act and the ARPA. Generally this employee retention credit is offering up to $26,000 in tax credits per eligible employee for businesses and tax-exempt organizations that had W-2 employees and were affected during the Covid-19 pandemic.
As the nation’s leading employee retention credit provider, our team of ERC Tax Credit Specialists understand what’s required to
Revenue is just one of many factors that determine whether you qualify for ERTC. In fact, companies without a considerable revenue decline and even increases in revenue can still qualify for the employee retention tax credit.
Your business does not have to be deemed “essential” to qualify for the Employee Retention Tax Credit. If you own a small business, any small business, it’s worth applying with us.
That’s great! AND…Companies that have received one or both PPP fundings are STILL eligible for the Employee Retention Tax Credit. We know how to file to get you the funding you deserve.
The ERTC tax incentive has several provisions that make it possible for employers who were not forced to completely shut down their business to STILL qualify for the ERTC. Businesses that were forced to partially shut down their business can make a claim. Additionally, businesses without a government mandate to shut down or partially shut down their business can still qualify through revenue decline. It’s a complicated process, but we can help you find out if you qualify if you’re still unsure.
Congrats! Although your revenue may have increased overall for the year, many companies experienced declines in one or more quarters in 2020 and/or 2021 when compared to 2019. These short-term revenue declines allow you to qualify, even with increased annual revenues.
No such thing. Startups & new businesses are NOT left behind. As a measure to make the ERTC more inclusive, the ERTC program eligibility criteria were expanded to accommodate new businesses established after February 15th, 2020 with gross annual revenue below $1 million for 2020 and 2021. Meeting these criteria will enable Startups to qualify for up to $7,000 per employee, for a maximum rebate of $50,000 in Quarter 3 of 2021, and Quarter 4 of 2021.
You still have time! If eligible, employers can claim the ERTC for qualified wages paid in 2020, as well as Q1, Q2, and Q3 of 2021.