Employee Retention Credit

Claim a cash refund of up to $26,000 per employee

 

You may now qualify for the Employee Retention Credit (ERC).

Recent updates to the COVID-19 relief program, the Employee Retention Credit (ERC), dramatically expand eligibility and extend qualifying deadlines – which means big payouts (up to $26k per employee) for hundreds of thousands of business owners like you… even if you already received a PPP loan!

Take the first steps to claiming your Employee Tax Credit, right now!

What is the Employee Recovery Credit?

The Employee Retention Tax Credit (ERC) is a refundable tax credit designed to reward business owners for retaining employees throughout the COVID-19 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.

Who Can Claim the Employee Recovery Credit?

If your business operations were impacted or changed during an applicable calendar quarter due to a COVID-19 related government order.
OR
For quarters in 2021, If your business revenue dropped by more than 20% compared to the same quarter in 2019 or the immediately preceding quarter.

The Value

The Employee Retention Credit is currently one of the largest credits available to business owners, delivering thousands of dollars in credits per employee with qualified wages. A manufacturing company with an annual revenue of $115 million and 246 employees received a credit equal to $1.06 million in Q1 of 2021. A few of their qualifying factors were:
  • 20% drop in quarterly revenue;
  • Numerous projects were canceled or delayed to COVID-related disruptions; and
  • Delayed production timelines caused by supply chain disruptions.