GET YOUR MONEY BACK

Due to financial suffering across the country, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help get businesses back on their feet — with a special section called the Employee Retention Credit (ERC), specifically added to help businesses like yours..

Established with the Cares Act, the same relief bill that created PPP loans also created the ERC.

Unlike PPP, this is not a loan. It's money for your business, and it's up to you how you use it.

That means Cash for any business need!

Refunds are most often received as a check from the US Treasury.

It’s surprising to me of how unaware businesses are that these credits and refunds exist.

-Paul Dolnier IRS Revenue Officer 

There are over 70,000 pages of tax code; it’s impossible to be an expert on all of them. ERC is all we do.  It’s like the difference between your family doctor and a neurologist.

Most small and medium-sized businesses qualify. Many business owners are disqualifying themselves based on outdated information, sometimes from their own CPA.

If your business was impacted due to a government order that caused limitations of commerce, travel, or meetings.

You may qualify.

ERC was developed to encourage and support employers who retained existing employees throughout 2020 and for the first three quarters of 2021 by offering a generous payroll tax refund. 

Businesses could 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 your payroll.

The ERC is related to your payroll, not your business income tax returns, which is what most CPAs handle. This is why ERC is underutilized, with most eligible businesses not claiming their refund.

ERC qualifications and limitations have also been amended by Congress many times since the initial rollout of the Employee Retention Credit. With over 200 pages of complex ERC tax code.