Learn more about the payroll tax refund that helps eligible businesses receive up to $26,000 per employee kept on payroll during the pandemic.
Amidst the pandemic, we made a deliberate effort to aid businesses in obtaining funding. Through our distinctive expertise and established success, we have established an efficient process to facilitate ERC Check allocation for any qualifying business.
Our ramp-up process prioritizes the expeditious distribution of funds, enabling you to receive them promptly. Reach out to us today to discover how ERC funding can propel you towards achieving your three-year business objectives within a year.
The Employee Retention Credit (ERC) was created to incentivize and assist employers who retained their employees during the entirety of 2020 and the initial three quarters of 2021. This program provides an extensive payroll tax refund through the IRS.
Businesses that meet the eligibility criteria can obtain a refund of up to $5,000 per employee for the entire year of 2020, as well as up to $7,000 per employee kept on the payroll for each quarter in Q1 through Q3 of 2021. This implies that companies can receive a maximum refund of up to $26,000 per employee retained on their payroll.
The program rewards those who kept employees on payroll in 2020 and 2021.
The ERC has since undergone expansions and multiple amendments by Congress.
The ERC refunds are most often received as a check from the US Treasury.
The same relief bill that created PPP loans also created the ERC.
The Employee Retention Credit is available to employers of any size, including tax-exempt organizations.
It also may be available to tribes, if they operate a trade or business.
The Internal Revenue Service urges employers to take
advantage of the newly-extended employee retention credit..
We at ERC For All recognize that understanding the intricacies of the ERC can be a complex and perplexing process. Due to several amendments made by Congress since the initial rollout of the Employee Retention Credit, the qualifications and limitations of the ERC have undergone changes.
Moreover, given that the ERC is tied to payroll rather than business income tax returns, it involves a series of payroll tax filings that may be unfamiliar or daunting for some CPAs. To ensure that your business receives the full amount of funding it is entitled to, we suggest partnering with a refund specialist who can offer updated information and guidance throughout the process.
Even if your business and your tax advisor looked into
the ERC before, we urge you to review it again.
Once you find out if your business qualifies, you’ll need to fill out the specific tax forms for 2020 and the applicable quarters of 2021.
Starting in 2024, the maximum value that a business can claim decreases each quarter. Due to amendments in qualifications and limitations, it’s crucial not to miss the chance to make a claim. As more small businesses discover the ERC, processing times may increase. Don’t delay, get started today to ensure your business receives the full benefits it’s eligible for.
Using inexperienced providers to prepare and file your amended payroll tax returns may lead to a reduced tax refund, rejected returns, or the need for revisions and re-filing, which can extend the process unnecessarily. It’s crucial that your tax provider stays current with all ERC-related legislation to ensure that they can maximize your available ERC and avoid costly errors that could result in your business missing out on a portion or all of the ERC tax refund.
We specialize in ERC claims. Our team of over 100 tax attorneys and CPAs have handled numerous claims, securing over $3 billion in ERC refunds for our clients.
Our simplified end-to-end filing process makes the complex claims process easier to navigate. We provide comprehensive support throughout the entire process, from determining eligibility to claiming and receiving funds.
Our network of tax attorneys and CPAs aim to maximize your business' ERC refund.
Our team is here to guide you every step of the way.
With 100+ payroll system integrations, finding the right documents is fast.
We only collect a fee when your business gets its refund.
