Discover If You Qualify
As a leading ERTC company, we fully understand everything needed to obtain ERTC Advance funding. Your business has to meet specific qualification requirements. However, there is much more to interpreting each eligibility criteria than what meets the eye.
Leveraging our expertise and experience dealing with ERTC, our team will work with you to maximize your eligible claim. To be eligible for the 2020 and 2021 ERTC, a business or tax-exempt entity can stake its claim if:
You experienced a revenue decline of at least 20% in Q4 2020 in comparison to Q4 of 2019 allowing businesses to possibly qualify for Q1 2021. This is through a safe harbor provision that few advisors understand, and it means that many businesses are qualifying for $7,000 per employee in Q1 2021.
Your business experienced a revenue decline of at least 20% in Q1, Q2, and/or Q3 of 2021 when compared to the same quarter in 2019.
Your business was subject to a local, state, or federal government order which in some manner impaired the ability to conduct commerce as usual. You experienced a revenue decline in 2020 of 50% or more when compared to the same quarter in 2019.
STARTUPS are not left behind
As a measure to make the ERTC more inclusive, the ERTC program eligibility criteria were expanded to accommodate Startups:
Startups established after February 15th, 2020
Gross yearly revenue cannot exceed $1 million
Meeting these criteria will enable Startups to qualify for up to $7,000 per employee, to a maximum rebate of $50,000 in Quarter 3 2021, and Quarter 4 of 2021.
Don’t Let Misconceptions Hold You Back From Claiming Your ERTC Credit.
The ERTC tax incentive is heavily underutilized due to misconceptions surrounding eligibility. Take a look at some of the most common ERTC misconceptions.
We had no revenue decline
Revenue is one of many factors that determine whether you qualify for ERTC. In fact, companies without a considerable revenue decline can still qualify for the employee retention tax credit.
Our business is not essential
Your business does not have to be deemed essential to qualify for employee retention tax credit.
We have received a Paycheck Protection Program loan before
Companies that have received one or both PPP fundings are eligible for the employee retention tax credit.
We never shut down our business
The ERTC tax incentive has several provisions that make it possible for employers who were not forced to completely shut down their business to qualify for the ERTC. Businesses that were forced to partially shut down their business can make a claim. Additionally, those businesses without a government mandate to shut down or partially shut down their business can still qualify through revenue decline.
Our revenue went up after a shift in the market
Although your revenue increased 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.
It’s too late to apply for the ERTC
If eligible, employers can claim the ERTC for qualified wages paid in 2020, as well as Q1, Q2, and Q3 of 2021.
Tell Us About Your Business
Let us help you claim your Employee Retention Credit so you can secure your business’ financial future. Our online calculator will help to determine your eligibility for the ERTC credits and estimate the refund that you should expect.
The statute of limitations for the 2021 ERTCs does not close until April 15, 2025.