If you received PPP you can still qualify.
After seeing that the ERTC program was relatively unused they amended the rules and allowed business that had already received PPP to qualify, and increased the amount a businesses can receive for each employee.
Businesses can now receive up to $26k for each employee (up to 500 employees).
The ERTC (employee retention tax credit) is available to all businesses and non-profits with W-2 employees that were impacted by COVID-19. The "impact" may have been from a government order, revenue decline or from something less obvious (example: social distancing = less capacity)
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ERTC was authorized and funded as part of the CARES Act to incentivize employers to retain employees during the pandemic by offering a refundable tax credit that can be applied against employment taxes. At that time, employers had to choose between ERTC or PPP, and a majority chose PPP since the ERTC filing is very complicated. But subsequent legislation changed...
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2020 and 2021
​The 2021 ERTC Program has increased to 70% of up to $10,000 in wages paid per employee per quarter for the first 3 quarters of 2021. THAT’S POTENTIALLY UP TO $21,000 PER EMPLOYEE!
Refund vs Credit? Although it’s called a credit, nearly all businesses elect to receive a check for the amount, instead of having the IRS hold the amount and apply towards future taxes.
Wait - Wasn't the Credit Only Available Last Year?
And why didn’t I know about it?
The ERTC was not widely used until mid 2021, when updated IRS regulations made this type of COVID-19 Relief more accessible. The credit is available to nearly every business that had W-2 employees in 2020 and 2021.
The 2020 ERTC Program is a refundable tax credit of 50% of up to $10,000 in wages paid per employee from 3/12/20-12/31/20 by an eligible employer. THAT’S $5,000 PER EMPLOYEE!
WE WILL MAKE SURE YOU GET BOTH YEARS IF YOU QUALIFY.
refund vs credit
Let's Break It Down...
Since the ERTC is administered by the IRS under different guidelines than the SBA's PPP Loans, the banks who helped with your PPP won't provide you the same support for ERTC. But that's why we're here . . .
Our automated application process means we have done a majority of the heavy lifting and it only takes you about 15 minutes to provide the information needed.
We ensure the maximum refundable credit with a proven and secure prcess.
Case Studies
Restaurant Industry
Restaurant Industry - $113,029.88 for 2020 – 26 employees
Law Firm
Law Firm - $151,739.84 – 8 employees
Software Company
Software Company - $298,016.43 for 2020 - 14 employees
Business Services
Business Services - $76,462.94 -11 employees
Cleaning Industry
Cleaning Industry - $170,865.03 for 2020 - 55 employees
Retail Store
Retail Store - $33,857.91 - 5 employees