Do you qualify for the Employee Retention Credit (ERC)?

Get up to $26,000 per W-2 employee in cash refunds for 2020 & 2021

Business Owners Take advantage of this new COVID-19 employee retention credit while it’s available. If your business has been affected by the pandemic you will qualify.

See if you qualify today!

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You are not eligible for the Employee Retention Program

The Employee Retention Credit Program is an IRS funded credit given to business owners who experienced financial hardships during the COVID-19 pandemic in 2019 and 2020.

As an employee, you are not eligible to apply for the credit. You must be a business owner with at least three or more W-2 employees on payroll.

What is the Employee Retention Tax Credit?

The ERTC is a credit against certain employment taxes for eligible employers that were shut down due to COVID-19 or that had business reductions in 2020 or 2021. Eligible employers may qualify for up to $5,000 per W-2 employee for 2020. For 2021, eligible employers can receive as much as $7,000 per W-2 employee per quarter for up to six quarters totals, or up to $26,000 per W-2 employee.

Which Businesses Qualify for an ERTC?

The ERTC requires that employers meet certain eligibility requirements. Specifically, an employer may be eligible for an ERTC if its business was fully or partially suspended by a COVID-19 related government order.

For 2020, its gross receipts fell by 50% or more versus the comparable quarter in 2019. When an employer’s gross receipts rose above 80% or more versus a comparable quarter in 2019, it did not qualify for an ERTC for that quarter.

For 2021, its gross receipts for the current or preceding quarter are below 80% of the comparable quarter in 2019. When an employer’s gross receipts go above 80% of the comparable quarter, it will not qualify for an ERTC in the next quarter.

An employer looking to qualify for an ERTC by showing that its business was fully or partially suspended by a COVID-19 related government order should obtain and maintain documentation of the specific government orders.

How Can My Pro Tax Advisor Group Help?

My Pro Tax Advisor Group helps by generating the credits for you taking all the guesswork out of the process. They know the rules and laws when it comes to the Employment Credits. They not only generate the credits but also build a case file to support the claims. This makes the process a lot smoother than trying it on your own.

See if You Qualify Today

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