Take advantage of this new COVID-19 employee retention credit (ERC) while it is still available. If your business was affected by the pandemic you can qualify. This is money that you could be entitled to but you must claim it!
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.
If your business was fully or partially impacted or suspended due to a COVID-19 related government order.
If your sales for 2020 were 50% or less of the same quarter in 2019. These percentages are increased in 2021 Q1-Q3 to 20% or less of sales compared to the same quarter in 2019.
Updated Legislation – Businesses That Received PPP Loans Are Now Eligible For The ERC!
Use our simple calculator to get an idea of what this benefit can look like for your business!
Watch our video to understand more about the ERC program and how
government aid 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 towards resolution services.
Brian Meadows was born and raised in the Richmond, VA area, where he graduated from Virginia Commonwealth University in 2003. Brian has over 10 years of experience and greatly enjoys fulfilling clients needs efficiently and professionally. Brian has been married for 7 years and enjoys jogging and spending time with this wife.
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