THE EMPLOYEE RETENTION CREDIT
What is the ERC?
The Employee Retention Credit (ERC) is a refundable tax credit available to businesses that kept employees on payroll during the pandemic. As COVID brought the world economy to a halt, companies downsized, balance sheets ran red, and business owners like you fought heroically to take care of their employees. As we recover, it’s time to take full advantage of the federal benefits available to businesses just like yours.
You're in good hands with ERC Provider
We've recovered Tax Credits for 3K+ SMBs
Be wary of ERC mills! They are not incentivized to be on your side. ERC Provider is unique in the industry because our process ensures attorney researched substantiation for any filings. Be ready for everything and practice safe filing with ERC Provider.
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100% dedicated to employee retention credit funding
We have the knowledge & experience to properly check your business' eligibility
Our processing team of Independent Tax Attorneys with deep ERC experience ensures that your eligibility and filings are thoroughly evaluated according to the requirements of sect. 3134 of the Internal Revenue Code enacted by sect. 9651 of the American Rescue Plan Act of 2021 and sect. 2301 of the Coronavirus Aid, Relief, and Economic Security Act of 2020. Rather than just taking a cursory look at your 941, our teams do a deep dive into the true impacts (not just revenue) of the government shutdowns on your business and spend the time to truly understand and build a case around your unique facts and circumstances.
HERE'S HOW IT WORKS
The ERC Provider Success Blueprint
Up to $26k per W-2 employee
ERC rewards business owners
The Employee Retention Credit or ERC is a generous stimulus program designed to reward businesses that retained their employees during this challenging time. Under the CARES Act of 2020, the Employee Retention Tax Credit rewards business owners whose business was financially impacted by COVID-19 but managed to retain their employees. Employers can claim up to $26,000 per employee based on wages paid in 2020 and 2021. But, due to the highly complex tax code, the ERC program is severely underutilized.
ERC ELIGIBILITY
Employee Retention Credit requirements
If your business faced supply chain issues, reduced hours, equipment shortages, revenue reduction or travel restrictions due to government orders related to COVID, you may be eligible for a refundable tax credit. The best way to assess your ERC eligibility is to work with a professional ERC funding provider who knows how to navigate the complex changes made to the ERC requirements.
Employee Retention Credit eligibility overview
Over 80% of businesses with W-2 employees may be eligible for the ERC program, even if you received PPP and/or EIDL. Here’s an overview of the requirements for a business to assess eligibility for the Employee Retention Credit:
W-2 Employees
Employers who conducted business in 2020 and 2021 that continued to pay W-2 wages to employees.
Business Suspension
Experienced a partial or total suspension of business or trade due to government orders related to COVID-19.
Decrease in Gross Receipts
Saw a significant decrease in gross receipts of less than 80% of gross receipts for the same quarter in 2019.
ERC Provider has your back
The Employee Retention Credit can be complicated
FAQs
ERC frequently asked questions
PPP was heavily marketed by the SBA, while ERC is claimed directly through the US Treasury. Our goal, along with our strategic partners, is to educate you and help your business obtain the payroll tax refund that it’s entitled to.
Due to the complexity of the ERC funding process, CPAs may overlook some of the qualifications. We’ve recovered over $400M in Tax Credits for 2k qualified SMBs—sometimes for companies that were previously told they were not eligible. It won’t cost you a dime to see how much your company may recover.
With over 70,000 pages of tax code; it’s nearly impossible to be an expert on all of them. ERC is all we do. By concentrating on this one program, we understand the intricacies and nuances involved in determining your eligibility and accurately calculating your refunds.
Yes, the PPP was a forgivable loan. ERC returns the payroll taxes that your business has already paid. Once your business receives the ERC funds from the US Treasury, no further action is required on your part.
There are no up-front fees or obligations to receive your refund analysis. Once we are engaged in recovering your ERC refunds, our fee is 15% after you receive your money from the IRS and there are no hidden costs or up front fees.Â
Determining the proper credit amount is a complex accounting process. Although these are payroll tax credits, what you’ve paid in payroll tax has no bearing on your ERC calculations. The refunds are based on a number of factors including qualifying quarters, number of employees, hours worked, wages paid and if applicable, PPP loans, group health premiums and participation in other government programs.
