What is the Employee Retention Credit (ERC)?
Does your business qualify?
The Employee Retention Credit (ERC) was authorized under the CARES Act to incentivize businesses to keep employees on payroll during the pandemic. The ERC tax credit is in the form of a refund of up to $26,000.00 per employee.
For 2020 the ERC is a refundable tax credit of 50% of up to $10,000 in wages paid per employee from 3/12/20-12/31/20 by an eligible employer. A REFUND OF $5,000 PER EMPLOYEE.
For 2021 the ERC is a refundable tax credit of 70% of up to $10,000 in wages paid per employee per quarter for the first three quarters of 2021. ELIGIBLE FOR UP TO $21,000 PER EMPLOYEE.
Does your business qualify for the ERC payroll tax refund?
ERC is available to all businesses, including certain non-profits and governmental entities. If your business experienced ONE of the following, you might be eligible:
1) Decline in gross receipts compared to the same quarter in 2019 (50% in 2020; 20% in 2021)
OR
2) Experienced full/partial business suspension due to a government order
SMALL BUSINESSES NEED AN EXPERT CREDIT GUIDE:
We utilize the leading premier credit experts in the country whose core competencies are tax credits and recovery programs. Unlike competitors focused on enterprise clients, we focus on serving small and mid-size businesses.
With $2.5 billion in incentives captured and $0 returned to the IRS, you’re in good hands.
YOUR BUSINESS DESERVES THE MAXIMUM BENEFIT.
Our program works on 100% success fees which mean our revenue is tied to finding and qualifying the maximum credits for your business. Our ERC Specialists determine precisely how your business was affected by COVID to ensure you receive the maximum benefit.
PROTECT YOUR BUSINESS AGAINST RISK.
Our 100% audit protection guarantee sets us apart from other tax credit companies. In the unlikely event that your credit is ever contested, our team will defend our work and fully refund any disallowed credits.
UNDERSTAND YOUR QUALIFICATION FOR THE ERC REFUND.
You deserve to feel confident in work being done and submitted on your behalf. We provide you with a Comprehensive Report explaining the credit, the calculations for what was determined, and the proof of the money you will get back. If you have questions about our work, our team will sit down with you to explain the credit.
ZERO RISK & PAY $0 UPFRONT FEES.
Unlike competitors, we charge clients $0 upfront and operate on 100% success fees. If our team of experts finds your business doesn’t qualify, you owe nothing. If we do qualify your business for ERC or other lucrative credits, we wait alongside you to receive your check from the IRS before fees are collected. We are in the waiting game together.
ADVANCE PAYMENT OPPORTUNITY.
Depending on your qualifications, we have several funding partners who advance ERC funds for our clients.
YES. YOU MAY STILL BE ELIGIBLE EVEN IF:
- The business took the SBA PPP Loans and/or qualified for forgiveness.
- The organization is a certified c-3 nonprofit.
- The business was deemed essential and never closed its doors.
- The business was profitable during the pandemic.
Yes. In some States, businesses can be eligible for hundreds of credits. Our clients are evaluated for a variety of credits and business incentives.
WORK OPPORTUNITY TAX CREDIT WOTC is a federal incentive program that encourages employers to hire employees from certain target groups. Tax credits range from $1,200 to $9,600 per eligible new hire.
RESEARCH & DEVELOPMENT CREDIT The Research & Development Tax Credit is a tax incentive offered to companies who create or improve a product or process during their business.
DISASTER CREDIT Federal income tax credit, up to $2,400 per employee, for 59 eligible 2018-2020 natural disasters in 28 states.
EMPOWERMENT ZONE CREDIT Federal income tax credit for businesses within 31 urban and ten rural federally designated Empowerment Zones are eligible through 2025.
INDIAN EMPLOYMENT CREDIT Businesses that hire Native Americans, or their spouses, that live and work on or near an Indian Reservation or Indian Land are eligible to receive up to $4,000 per employee per year.
Yes. EzRep will review amended claims to determine if your business can qualify for advanced funding through our partners.
Reduced Hours of Operation, Full or Partial Shutdown, Remote Working, Limited Capacity, Supply Chain Issues, Interrupted Operations, Inability to Access Equipment, Reduction of Services or Goods Offered to Customers, Inability to Work with Vendors, Shifted hours due to Covid Restrictions, New Sanitation Practices or Measures, Inability to Access Office or Travel to meetings.
Yes. If you meet the pre-qualification below, provide us with your contact information and we will direct you to our portal to determine if your business qualifies.
How Do I Know If My Business Is Eligible?
If your business had between 5-500 employees during the pandemic and one of the following, you are considered pre-qualified.
- A revenue decline between March 12/2020—December 31/2020, and/or 1Q—3Q 2021 compared to the corresponding periods in 2019.
- Experienced supply chain issues in 2020 and/or 2021
- Were affected by a state or federal full or partial shutdown order
If your business meets the above criteria, provide us with your contact information in the form below. We will email you a link to an online portal to answer a questionnaire to determine if your business qualifies.
Please Provide:
Your Name, Company Name, Contact Email and Phone Number, Industry, and number of employees. If you have any questions, you can also reach us via chat, and one of our ERC Specialists will help.
