Employee Retention Credit (ERC)

Are you leaving money on the table?

CARES Act Employee Retention Credit Updates for COVID-19 Relief

On Sunday, December 27, 2020, the President signed a $900 billion COVID-19 relief package into law that includes additional relief for businesses. Specifically, the new legislation amends, expands, and enhances the CARES Act Employee Retention Credit (ERC).

The ERC was previously unavailable as an option for relief to businesses that received Paycheck Protection Program (PPP) loans through the SBA. However, the new legislation explicitly provides a retroactive amendment to March 27, 2020 and clarifies these businesses are eligible to receive the ERC - just not on wages paid with PPP loan funds. Most companies still don't believe they qualify due to a PPP loan - learn more from our ERC misconceptions infographic.  

Other important changes to the ERC include:

  1. A prospective credit increase from 50% of up to $10,000 of qualified wages annually to 70% $10,000 of qualified wages per quarter starting January 1, 2021; and
  2. Public universities and hospitals are now considered eligible employers.

We are prepared to assist in determining eligibility, calculating, and monetizing the ERC. We have an experienced team and partner which has developed a proprietary methodology, proven to be efficient and maximize your credits. 

Schedule time on our calendar for a free consultation with our team.

We are prepared to guide you through this process. Reach out to get started.

Operational Impact

Identifying The Operational Impact

Full Or Partially Suspended Operation

Finding Full Or Partially Suspended Operation

Payroll Tax Credit

Calculating Payroll Tax Credit Allowance

Refundable

Attaining Refundable Tax Credits for Your Company

Think you don't qualify for these Tax Credits? Think again. 

This infographic dives into some of the common misconceptions about eligibility for the Employee Retention Tax Credit including:

  • Essential Businesses
  • Profitability Limitations
  • Non-Profits
  • Businesses That Did Not Shut Down
  • and Much More
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Access ERC Infographic