Employee Retention Tax Credit - Up To $26,000 Per Employee - Is Your Business Eligible - Small Business Real Estate Financing Video Loan Tips

Employee Retention Tax Credit - Up To $26,000 Per Employee - Is Your Business Eligible


Did you retain your W2 employees in 2020 and/or 2021? If so did you experience ANY of the following: 1. A reduction in revenue? 50% Reduction In 2020 - If there is a reduction in your gross receipts in 2020 when comparing to the same quarter in 2019 by at least 50% and/or 20% Reduction in 2021 - If there is a reduction in your gross receipts in 2021 when comparing to the same quarter in 2019 by at least 20% 2. A business impact from a Government Mandate? If a governmental order had more than a nominal impact on your business operations, such as: Required to fully or partially suspend operations tied to governmental orders. Inability to obtain critical goods or materials from suppliers because they were required to suspend operations due to governmental orders. Limiting occupancy to provide for social distancing due to governmental orders. Governmental orders to shelter in place preventing employees from going to work. Other similar impacts from government. 3. Start a new business after February 15, 2020? If you started a business after February 15, 2020, and had annual gross sales receipts less than $1,000,000. What are ERCs? The Employee Retention Credit (ERC) is a Payroll Tax Credit Refund designed to reward businesses for retaining employees during COVID-19. Business Owners can receive a refundable credit up to $5,000 per employee in 2020, and $7,000 per employee, per quarter (excluding the 4th quarter), in 2021 for qualified wages. The total refund can total $26,000. This is NOT a loan. It is a refund check you can spend as you wish. The credit was initially signed into law March 2020 as part of the CARES Act. The credit was later expanded upon with the Consolidated Appropriations Act in December 2020 and the American Rescue Plan Act in June 2021. A Simple And Accurate Process - With No Up Front Fees To You. Determine Your Eligibility Now