The Employee Retention Credit (ERC) is a government tax credit program designed to assist small and medium-sized businesses impacted by COVID-19. The program aims to help businesses retain their employees by providing a tax credit of up to $26,000 per employee to offset payroll taxes. This tax credit can be used to help businesses cover employee wages and other qualified expenses.
Who Can Claim an ERC?
ERC is available to businesses of all sizes that have experienced a decline in gross receipts or were forced to fully or partially suspend operations due to COVID-19.
Contact us today for a free consultation to find out if you qualify based on these factors.
•Your business was partially or fully shut down by a government authority during 2020 or 2021.
•Your business’s capacity was limited due to an order from a government authority.
•Your business was negatively affected by supply chain issues.
•Your business’s revenue dropped by more than 20% in 2021 compared to the same quarter in 2019.