What is the Employee Retention Credit (ERC)?

​

ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.

​

Initially, under the CARES Act of 2020, businesses were not able to qualify for the ERC if they had already received a Paycheck Protection Program (PPP) loan. With new legislation in 2021, employers are now eligible for both programs.

​

ERC is a refundable tax credit – a grant, not a loan – that you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.

​

How much money can you get back?

• Max credit is $26,000 per employee, but on average we're experiencing credits of approximately $10,000 - $14,000 per employee

• Available for 2020 and the first 3 quarters of 2021

• Qualify with decreased revenue or a COVID-qualifying event

​

What if my company's revenue didn't drop?  Do I still qualify?

• YES!!  There are multiple ways to qualify, both quantitative and qualitative.

​

We are currently only working with companies that have 10 or more W-2 employees.

​

​