THE EMPLOYEE RETENTION CREDIT (ERC)

At the height of the pandemic, Congress approved several government-backed programs to assist small businesses cover their expenses, including payroll. The Employee Retention Credit (ERC) was one of these programs. It allows employers to receive a payroll tax credit for wages and health benefits paid to employees during a specific time period. In November 2021, the Infrastructure and Investment and Jobs Act was signed, ending the ERC program.

Despite the program’s end, employers, however, may claim the credit if they file within three years of the program’s end. With this knowledge, many fly-by-night businesses have “popped-up” claiming to help small business owners file for the credit, which charging up to 30% of the calculated credit amount. Your business deserves to receive as much as the credit as possible. Consider your options before agreeing to have a professional services firm provide ERC services for your business. We guarantee our services will not exceed 10% of the credit.

There has also been misinformation circulated that businesses that have received PPP loans, aren’t eligible to receive the ERC credit. The fact is: Your business may qualify, despite receiving PPP loans.

Your business may qualify to receive payroll tax credits, resulting in a refund from the IRS. Let’s get started with your eligibility assessment. Schedule your appointment here.