Your Business May Qualify for Tax Credits!
Stimulus packages are in place that provide tax credits to businesses affected by the pandemic in 2020 and 2021. Complete the form below to see if you qualify!
Your privacy is very important to us and your information is not shared.
What Are Employee Retention Tax Credits?
Here’s What You Need to Know:
When the COVID-19 pandemic started, the federal government stepped up to provide essential support for American businesses. Multiple stimulus packages and tax credits were passed through 2020 and 2021 – including the Employee Retention Credit (ERC).
This incentive through the CARES Act provides funding to encourage businesses to maintain employees, even when the company was closed or had shortened operating hours due to the pandemic.
What Are the Current Guidelines?
Stimulus packages and guidelines have changed multiple times, making it hard for employers to keep up with the current details of ERTC. We can provide you with up-to-date guidelines and an estimate on the tax credit you could receive. Employers can receive a refundable tax credit up $26,000 over 2020 and 2021.
These credits can add up quickly. Not knowing about them could result in a business missing thousands of dollars in federal support. Don’t leave money on the table!
Talk to our experienced team and maximizing your available tax credits.
Who is Eligible for ERC Tax Credits?
Current guidelines include the following…
Business Closures
Businesses that closed or had a reduction of hours due to a reduction in revenue in 2020 or 2021.
Suspended Businesses
Businesses who where forced to suspend operations due to governmental restrictions.
Startup Companies
Businesses that launched on or after February 15, 2020 with gross receipts under $1M.
Businesses That Received
PPP Loans
Even if your business received a PPP loan, you could still be eligible for ERC tax credits.
Businesses with W2 Employees
You must have W2 employees in order to take advantage of the the ERC tax credits.
Businesses that Suffered Severe Financial Distress
Businesses with a 90% or greater loss on gross receipts have no employee cap on wages.