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Employee Retention Credit

Services Covered

  • Confirm Eligibility for ERC.

  • Full service calculations and document preparation.

  • Audit protection.

  • Advanced funding against ERC amounts available.

  • Standard pricing is a $1500 refundable deposit that goes towards a 20% fee of total ERC refunds after you’ve received and cashed the checks.

Unlock the Benefits of the Employee Retention Credit (ERC)


In the wake of the profound economic impact caused by the COVID-19 pandemic, businesses faced unprecedented challenges. Recognizing the need for support, Congress enacted relief legislation that introduced the Employee Retention Credit (ERC).

 

What is the Employee Retention Credit (ERC)?

The ERC stands out as a valuable but often overlooked resource amidst popular programs like EIDL and PPP.
While these programs have garnered attention, the ERC has proven to be a powerful tool for businesses navigating the financial aftermath of the pandemic.
It offers a refundable tax credit to businesses that retained their W2 employees throughout the pandemic.

Employee Retention Credit Qualifications:

 
1. Business Eligibility:
  • The business must have experienced a significant decline in gross receipts.
  • Eligible employers include those whose operations were fully or partially suspended due to government orders related to COVID-19, or those that experienced a significant decline in gross receipts (generally, a 50% decline compared to the same quarter in the prior year).
2.  Size of the Business:
  • The credit is available to businesses with up to 500 full-time employees.
3. Wages Eligible for the Credit:
  •  Eligible wages include wages paid to employees during periods of business suspension or significant decline in gross receipts.
  • The maximum credit is based on a percentage of qualified wages paid to employees.
4. Interaction with Paycheck Protection Program (PPP):
  • Initially, businesses that received a PPP loan were not eligible for the ERC. However, legislation has changed this, and as of my last update, businesses could potentially claim the ERC retroactively for certain periods.

How ERC works for YOU:

 

1. Eligibility Tailored to Your Situation:

    • I guide you through the eligibility criteria, helping you determine qualification based on factors like a significant decline in gross receipts or government-imposed restrictions. 

 

2. Maximizing Qualified Wages:

    • Our experts ensure you identify and maximize qualified wages, whether your business has over 100 full-time employees or 100 or fewer, optimizing your credit potential. 

 

3. Strategic Credit Calculation:

    • Benefit from my  knowledge of the ERC's evolving landscape, including changes in credit rates (initially at 50%, later increased to 70%) and maximum credit limits per employee. 

 

4. Seamless Claim Process:

    • I streamline the process for claiming the ERC on your quarterly employment tax returns, ensuring accurate reporting on forms like Form 941. Your credit offsets the employer's share of Social Security taxes, with excess amounts available for refund.

 

5. Harmonizing with Other Programs:

    • I help you navigate the intricate relationship between the ERC and other relief programs, enabling you to strategically utilize tools like the Paycheck Protection Program (PPP) without compromising your eligibility.

 

6. Stay Informed with Ever-Changing Regulations:

    • My commitment extends beyond a one-time service. I keep you informed about the latest legislative changes, ensuring you stay ahead and leverage the ERC to its full potential.

How will the process work? 

1

Gathering Documents

After the deposit is confirmed, I will be reaching out to you to provide assistance and guidance in collecting all the required documents.

2

Calculations

I will analyze and calculate the data from the documents to determine the amount of credit you are eligible to receive from the IRS.

3

Return Preparations

I will prepare and assist the filing of the 941-X Amended payroll returns.

4

GET PAID

The IRS will handle the credit processing and send you a check directly.

Looking for a second opinion,

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