Was Your Business Impacted by Covid?
You may be eligible to receive up to $26,000 per employee through the Federal Employee Retention Credit (ERC) program
What is the Employee
Retention Credit?
The employee retention program is a generous stimulus program created under the CARES Act of 2020 to reward businesses that retained employees during the Covid-19 pandemic. It provides business owners a credit (payable by IRS check) up to 50% of employee wages paid in 2020 (max credit of $5,000 per employee) and 70% of wages paid in 2021 (max credit of $21,000 per employee).
Does My Business Qualify?
The eligibility requirements for ERC are as follows:
Distribution delays or suspensions
Suspended on site work or client meetings
Supply chain disruptions
Reduction of hours of operation
Social distancing requirements that reduced capacity
Significant revenue reduction in any quarter (2020 & 2021) compared to 2019
Partial or complete suspension of operation
Did you know PPP recipients are now eligible?
That's right! Once mutually exclusive, updated IRS rules now allow Paycheck Protection Program recipients to also qualify for the Employee Retention Credit. Certain terms and conditions apply, but don't worry, we'll make this assessment for you and present it in our no-obligation Eligibility Analysis Report.
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