The federal government established the Employee Retention Credit (ERC) to provide a refundable employment tax credit to help businesses with the cost of keeping staff employed during the pandemic.
The Employee Retention Credit is available to both small- and mid-sized businesses. It was signed into law on March 27, 2020, as part of the CARES Act. The bill was significantly expanded in 2021.
Business owners impacted by COVID-19 can claim up to $5,000 in refundable tax credits for each employee on their payroll in 2020 and up to a $7,000 credit per quarter (excluding Q4) for each employee in 2021.
Updated Legislation – Businesses That Received PPP Loans Are Now Eligible For The ERC!
We are actively working with business owners in every industry to help them claim this lucrative tax break. We streamline the calculation and application process for our clients.
Watch our video to understand more about the ERC program and how this government program can help your business!
The Tax Resolvers is a professional organization that works with arbitrators, tax professionals, accounting experts, and others with specific industry experience. Our highly skilled team has been helping taxpayers for years with their needs.
The Tax Resolvers is an expert team that will help you take advantage of the ERC. We give you a complete understanding of your options before any fees are paid.
Mike Stafford is an experienced entrepreneur with a passion for business and helping others succeed. From a young age, he was drawn to the world of business and started his first company at the age of 18. Since then, he’s owned and managed several successful businesses in different parts of the world. Currently, Mike is a partial owner of The Tax Resolvers, a company that has been operating for over 10 years. At The Tax Resolvers, he leads a team of tax professionals who are dedicated to helping business owners file for the employee retention credit. Through their efforts, they have helped business owners receive millions of dollars in ERC credits in 2022 alone. With his extensive experience in entrepreneurship and business management, Mike brings a wealth of knowledge and expertise to the table. He is always eager to help other entrepreneurs and business owners navigate the complexities of tax code and regulations to achieve their goals.
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Schedule a free evaluation with our team of experts to learn more. We’ll discuss your eligibility and help estimate your potential tax refund.
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