More about the Employee Retention Tax Credit (ERC or ERTC)
Background
With the CARES Act of 2020, Congress put forward a plan to help businesses recover from Government Mandated closures and shutdowns.
One program from that CARES Act is the Employee Retention Credit. The Employee Retention Credit (or ERC for short) is a generous program that rewards businesses that kept employees on its payroll from 2020 to 2021. At first, because of restrictions, it didn't apply to many businesses. But with each subsequent stimulus bill, the program was amended to qualify for more & more American businesses.
Now, almost every American business affected by government shutdowns in 2020 & 2021 can get at least some level of relief from the ERC program. The Relief Consultants are here to make sure your business gets it's maximum credit, as quick as possible.
The ERC Details:
A maximum of $26,000 per employee.Comes as a check from the IRSApplies to quarters Q2 - Q4 of 2020 & Q1 - Q3 of 2021.Business' Significantly or Nominally impacted by Government Shutdowns.No Maximum Payout!The ERC is a refundable tax credit.
Info About ERC from IRS
The Employee Retention Credit (ERC) – sometimes called the Employee Retention Tax Credit or ERTC – is a refundable tax credit for certain eligible businesses
and tax-exempt organizations that had employees and were affected during the COVID-19 pandemic.
The requirements are different depending on the time period for which you claim the credit. The ERC is not available to individuals.
