WHAT IS THE ERC?
The Employee Retention Credit (ERC) was authorized under the CARES Act and encourages businesses to keep employees on the payroll.
- The 2020 ERC Program is a refundable tax credit of 50% of up to $10,000 in wages paid per employee from 3/12/20-12/31/20 by an eligible employer. THAT’S UP TO $5,000 PER EMPLOYEE!
- The 2021 ERC Program has increased to 70% of up to $10,000 in wages paid per employee per quarter for the first 3 quarters of 2021. THAT’S UP TO $21,000 PER EMPLOYEE!
Paycheck Protection Program (PPP) recipients are now eligible
The ERC was not widely used until March 2021, when updated IRS regulations made this type of COVID-19 Relief more accessible. In short: thousands of businesses who once picked between the Paycheck Protection Program (PPP) and ERC can now probably use both stimulus programs, by amending their quarterly Form(s) 941 payroll returns.
Need to Learn More?
Remember to pay special attention to Notice 2021-20. The official IRS FAQ Site can be found by clicking below.
Refunds Happening Now
We have already helped clients receive millions of dollars of ERC stimulus funds.
Real Professionals
Our team of accounting pros from Huntersville, NC will touch every client's file.
Data Gathering
Use our secure portal to upload your 941returns, PPP loan documents, and raw payroll data
Credit Calculation
We will use our expertise to calculate the exact value of the credit you can receive form the IRS
Amending Returns
We will prepare and help file the 921-X Amended payroll returns.
Get Paid
The IRS will process the credit and mail you a check
GET STARTED
Take advantage of the EMPLOYEE RETENTION CREDIT (ERTC) for COVID-19 Relief