Is my business eligible?
The IRS has anticipated 80% of businesses will qualify
While the general qualifications for the ERC program seem simple, the interpretation of each qualification is very complex. Our significant experience allows us to ensure we maximize any qualifications that may be available to your company.
The Employee retention tax credit is related to your payroll. Meaning this credit has fallen into an area where few CPAs are able to effectively process it. Most small and medium-sized business qualify. Many business owners are disqualifying themselves based on outdated information, sometimes from their own CPA.
Ways to Qualify
(you only need one)
Supply Chain Disruption
Had operations that were impacted due to COVID-19, resulting in limitations of commerce, travel or meetings. Disruption on product supply or services.
Revenue Reduction
Experienced a significant decline in gross receipts during the calendar quarter, more than a 20% decline versus the same quarter of 2019.
Full or Partial Shutdowns
A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel, or restrictions of group meetings.
How many employees do you have?
Eligible businesses can receive a refund of up to $5,000 per employee for all of 2020 and up to $7,000 per employee kept on the payroll for each quarter for Q1 through Q3 of 2021. That’s a total refund of up to $26,000 per employee!