ERC: COVID RELIEF FOR BUSINESS OWNERS

ERC

(Employee Retention Credit) For Business Owners

Employee Retention Credit - Up to $26,000 Per Employee

The ERC (Employee Retention Credit) program is a Government Incentive Program that was passed as part of the Cares Act for businesses affected by the pandemic but able to stay in business and retain employees during this challenging time. This program’s goal is to stimulate the economy and help businesses with W2 employees that have been affected. Due to the extremely complex tax code and qualifications, it is severely underutilized. We are here to provide this opportunity for business owners of all types!

Qualifiers: Was your business employing W2 employees affected between January 2020 and September 2021 by any of the following?

1. Loss of revenue:

- 50% or more decrease in 2020 from 2019, per quarter

- 20% or more decrease in 2021 from 2019, per quarter

2. Supply chain disruption:

- Was your business affected 10% or more due to supply chain disruptions?

3. Full or partial shutdown:

- Was your business working on reduced hours?

- Was capacity inside your business reduced due to government mandates?

- Were hours reduced? Could not travel or do meetings? Work from home?

- If your business was affected 10% or more due to shutdowns, you may qualify.

*Recent Legislation allows for just one of the above qualifiers to be met. It also allows for both PPP and ERC to be taken.