Employee Retention Credit

The Employee Retention Credit (ERC) was developed to assist and support employers who retained existing employees throughout 2020 and for the first three payroll quarters of 2021 by creating a payroll tax refund issued by the IRS.

Eligible small businesses can receive a refund of up to $5,000 per employee for all of 2020 and up to $7,000 per employee kept on the payroll for each quarter for Q1 through Q3 of 2021. That’s a total refund of up to $26,000 per employee kept on payroll during the pandemic!

This tax credit was created under the CARES Act to encourage and assist small to medium-sized businesses to keep their employees during the Covid-19 pandemic.

Find out if your small business qualifies for the credit:

1. Did you operate a non-profit, trade or business during 2019 – 2021? Or did you start one before February 2021?
2. Did you have fewer than 100 full-time employees for the 2020 ERC refund? Or fewer than 500 full-time employees for 2021?
3. Did your business suffer a significant decline in gross sales during 2020 as compared to 2019 (defined as 50% or more decline in sales)? Or at least a 20% decline in sales in 2021 as compared to 2019?
4. Business operations were impacted by government orders/restrictions to travel, meet, or operate.
   1. Interruptions with supply chains
   2. Inability to access equipment
   3. Vendors unable to work
   4. Hours of operation reduced
5. Paid wages to employees over $10k/year

 File before the April 2024 deadline! Get started today!

“If you would like to find out if you qualify for the employee retention credit please fill out the contact page.”