Claim Your Employee Retention Tax Credit

Up to $26,000 per W-2 employee

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How it works

1

Free Qualification App

Complete our FREE ERTC app to determine if your business will qualify. At this time our advisors will be able to answer any ERTC questions that you have.

2

Work With Our ERTC Specialist

Let our employee retention tax credit professionals guide you through the process of applying for your tax credit to ensure maximum refunds.

3

Submit Your Application

Our ERTC specialists will review your application for accuracy and completeness to ensure you receive the maximum tax refund as fast as possible.

ERTC’s Filed
ERTC
employee retention tax credit ERTC

FREE Employee Retention Tax Credit Qualification

Do you qualify for the Employee Retention Tax Credit?

  • Get up to $26,000 per employee in cash refunds for 2020 & 2021
  • Don’t miss the deadline!

Let our Employee Retention Tax Credit (ETRC) specialists guide you through the process to get the tax credits your business deserves. This COVID-19 employee retention credit tax incentive program won’t last. Get your free consultation today!

Employee Retention Tax Credit FAQ’s

Frequently
Asked ERTC
Questions

The Employee Retention Tax Credit (ERC) can be very confusing to file. We recommend using professionals who are familiar with the ERC document requirements and submissions procedures.

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The Employee Retention Tax Credit (ETRC) was introduced as a refundable payroll tax credit to encourage businesses to retain their employees amidst the Covid-19 Pandemic. It was established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

To be eligible for the credit, businesses had to have been ordered to shut down by a local government or experienced a 50% or greater reduction in receipts during the corresponding month in 2019. Those businesses that were not operational in 2019 were not able to claim the credit.

The ERTC allowed eligible businesses to claim a refund for qualified wages paid during the pandemic. However, the provision underwent several changes and adjustments since its initial implementation under the CARES Act.

New laws adjusted the tax credit provisions as the pandemic continued into 2021. Here is a brief overview of the Employee Retention Credit timeline. We always suggest checking the IRS website for official updates at https://www.irs.gov/coronavirus/employee-retention-credit

2020 – CARES Act

Under the original provision, employers could claim a maximum credit of $10,000 per employee retained from March 13, 2020, to December 31, 2020.

2020 – Updated Employee Retention Tax Credit

Under the update to the ERTC, employers who received Paycheck Protection Program (PPP) loans were now able to claim the ERTC, provided the wages were not treated as payroll costs when obtaining PPP loan forgiveness. The update retroactively applied to wages paid from March 27, 2020, to December 31, 2020.

2021 – Consolidated Appropriations Act

Effective December 27, 2020, the Consolidated Appropriations Act of 2021 (CAA) extended the ERTC to include wages paid before July 1, 2021. It also increased the credit to $7,000 per employee within a quarter.

2021 – American Rescue Plan

Effective April 1, 2020, the American Rescue Plan Act of 2021 (ARPA) extended the ERTC to cover wages paid between July 1, 2021, and December 31, 2021.

2021 – Infrastructure Investment and Jobs Act

Effective November 15, 2021, the Infrastructure Investment and Jobs Act of 2021 (IIJA) retroactively repealed the ERTC as of September 30, 2021. Businesses that planned on receiving the tax refund for wages paid between October 1, 2021, and December 31, 2021, could no longer claim the credit. The sole exception applied to recovery startup businesses, defined by the ARPA and later amended in the IIJA.

To qualify for the Employee Retention Tax Credit (ERTC), a business must meet certain criteria:

  1. Partial or full suspension of operations: The business must have experienced either a partial or full suspension of operations due to a government order related to COVID-19. Alternatively, the business must have experienced a significant decline in gross receipts, which is defined as a 50% or more decline in gross receipts compared to the same calendar quarter in the prior year.
  2. Number of employees: For businesses with 100 or fewer employees, all wages paid during the eligible period qualify for the credit, regardless of whether the employee worked. For businesses with more than 100 employees, only wages paid to employees who were not providing services due to the COVID-19-related circumstances qualify.
  3. Eligible time periods: The credit is available for wages paid between March 13, 2020, and December 31, 2021. For the first two quarters of 2021, the business must have had a decline in gross receipts of 20% or more compared to the same calendar quarter in 2019. For the second half of 2021, the business must have had a decline in gross receipts of 10% or more compared to the same calendar quarter in 2019.
  4. Governmental entities and tax-exempt organizations: Eligible governmental entities and tax-exempt organizations must meet specific criteria to claim the ERC.

It’s important to note that the eligibility criteria for the ERC have undergone several changes and adjustments since its initial implementation under the CARES Act. Businesses should consult with a tax professional or the IRS website to ensure they meet the current eligibility requirements.

The Employee Retention Tax Credit expired on September 30, 2021. For a recovery startup business, the tax credit expired on December 31, 2021.

While the ERTC is no longer in effect, employers can still claim the credit for wages paid during the active period. Businesses can file Form 941-X up to three years after filing or two years after paying, whichever is later.

Recovery startup businesses are defined in the American Rescue Plan Act. It refers to any business that opened its doors during the pandemic and meets the following conditions:

  • The business opened on or after February 15, 2020.
  • The business’s gross receipts don’t exceed $1 million for the individual tax years of 2020 and 2021.
  • The business has 1 or more W2 employees, not including owner-operators or family members.

If a business began during Q2 of 2021, it could not claim the credit for any portion of 2020 or the first two quarters of 2021. If you acquired an existing company on or after February 15, 2021, you may or may not qualify for the ERTC, depending on several factors.