GET YOUR ERC
TODAY.
The Employee Retention tax Credit (ERC) is the largest government stimulus program in history. Find out if your business is eligible to receive a grant of up to $26,000 per employee!
LET’S TALK IN DETAIL
What is Employee Retention Credit?
The ERTC is a credit against certain employment taxes for eligible employers that were shut down due to COVID-19 or that had business reductions in 2020 or 2021. Eligible employers may qualify for up to $5,000 per employee for 2020. For 2021, eligible employers can receive as much as $7,000 per employee per quarter for up to six quarters totals, or up to $26,000 per employee.
Which Businesses Qualify for an ERC?
The ERTC requires that employers meet certain eligibility requirements. Specifically, an employer may be eligible for an ERTC if its business was fully or partially suspended by a COVID-19 related government order.
For 2020, its gross receipts fell by 50% or more versus the comparable quarter in 2019. When an employer’s gross receipts rose above 80% or more versus a comparable quarter in 2019, it did not qualify for an ERTC for that quarter.
For 2021, its gross receipts for the current or preceding quarter are below 80% of the comparable quarter in 2019. When an employer’s gross receipts go above 80% of the comparable quarter, it will not qualify for an ERTC in the next quarter.
An employer looking to qualify for an ERTC by showing that its business was fully or partially suspended by a COVID-19 related government order should obtain and maintain documentation of the specific government orders.