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Dear Business Owner

Were you struggling to keep your employees on payroll during the COVID-19 pandemic? The Employee Retention Tax Credit (ERTC) program can help. The ERTC is a tax credit created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act to incentivize employers to keep their employees on payroll during that challenging time.

You may be eligible for an ERTC of up to $26,000 per W2 employee. You may still qualify even if you have taken PPP1 and/or PPP2 money.

Check if you qualify!

Here's how the ERTC can benefit your business

financial-support

The ERTC provides financial support to businesses that have been impacted by the pandemic, allowing them to keep their employees on payroll and keep their doors open.

tax-credits

The ERTC provides a tax credit of up to $10,000 per employee, per year, for wages paid to employees who are not providing services due to a government order or a decline in business operations.

easy-to-apply

The ERTC program is easy to apply for, and we your tax professional can assist you in determining your eligibility and maximizing your benefits.

flexibility

The ERTC program is flexible and can be claimed on a quarterly basis, allowing you to receive benefits when you need them the most.

What is ERTC?

The Employee Retention Tax Credit (ERTC)

The Employee Retention Tax Credit (ERTC) is a financial incentive offered through the Coronavirus Aid, Relief, and Economic Security (CARES) Act to encourage employers to retain their workforce during the COVID-19 pandemic.

How can we help?

We can assist clients in applying for the ERTC by performing the following tasks

Qualification Criteria for ERTC

The qualification criteria for the Employee Retention Tax Credit (ERTC) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act are as follows

Qualification Criteria for ERTC

Employer Eligibility

Employers must be engaged in a trade or business during 2020, and must have experienced a full or partial suspension of operations due to a government order related to COVID-19, or a significant decline in gross receipts (greater than 50% of greater than 20% depending upon year) compared to the same quarter in the prior year.

Employee Eligibility

The ERTC applies to wages paid to employees who are not providing services due to the above conditions. The credit is not available for wages paid to employees who are receiving Paid Sick Leave or Paid Family Leave under the Families First Coronavirus Response Act.

Wage Limit

The ERTC is limited to wages paid up to $10,000 per employee for the year, for a maximum credit is available $5,000 per employee for year 2020 and $7000 per employee per quarter for year 2021

Gross Receipts Test

To be eligible for the ERTC, the employer must demonstrate that their gross receipts in any quarter in 2020 were less than 50%+ compared to same quarter in 20199 or 20%+ decline in any of 2021 quarter as compared to 2019.

Limitations on number of employees

There are certain restriction for maximum number of employees for a business alone or all the businesses under same management and coonrol.