The CARES Act became law in March of 2020. It included the Employee Retention Tax Credit which is managed by the IRS. It is sometimes referred to as the ERC or ERTC program.

This initiative by Congress refunds, on a quarterly basis a percentage of the payroll for W-2 employees that a company paid. There are meticulous rules for determining how much credit can be claimed for each employee.

Every small business may apply for the Employee Retention Tax Credit. However, every business may NOT be eligible. A business may be eligible if: their revenues declined; they were affected by a government ordered closure (either partial or complete); capacity restrictions; supply chain issues. There are a total of 16 different ways that a business may qualify for eligibility to get Employee Earned Tax Credits.

In March 2021, The American Rescue Plan Act of 2021 was signed into law. It modified and expanded The CARES Act. The verbiage is very clear. Businesses that had already received or had applied for PPP funds could qualify for the Employee Retention Tax Credits. Businesses have until December 2023 to retroactively claim refunds.

The ERC / ERTC is NOT a loan. The ERC / ERTC is NOT a grant. Businesses that qualify for the ERC / ERTC will not have to pay it back.

Most businesses can complete our simple initial process in less than 20 minutes. We should then be able to determine your refund amount. Our team will then thoroughly analyze your documentation. This usually takes less than 3 days. Currently we are estimating that the government refund checks are being issued in 8 to 9 months.

Simple. Fill out the form and supply Retention Credit Help with the documentation. We will normally let you know in a few days…if not sooner.

ABSOLUTELY. If your business started after February 15, 2020, you may still be eligible for an ERC / ERTC refund. This is because there is a provision for Recovery Startup Businesses (RSB) to receive Employee Earned Tax Credits.