The ERC (Employee Retention Credit) is helping many small businesses bounce back from the hardship they faced during the COVID-19 pandemic. Could up to $26,000. help get your business back on track?
Even if you did close your business, if you had W-2 employees other than yourself and family members, you may be eligible to receive the ERC.
What is the ERC, and is it legitimate?
The ERC incentivizes employers to keep their employees on payroll during the COVID-19 pandemic; businesses that experienced a significant decline in gross receipts, were fully or partially suspended due to government orders, or faced a reduction in business operations can qualify for the ERC.
Yes, the pandemic has certainly brought out the worst of scams, like noe other before! This is a legitimate program designed to help you.
Congress enacted it to help small and medium-sized businesses that suffered economic harm related to the Covid pandemic during 2020 and/or 2021. Unlike much of the earlier federal Covid relief, the ERC is not a loan. It’s a tax refund that’s payable in cash — and it’s completely legitimate.Apr 7, 2023
Inside Indiana Business
Now that you know ERC is a legitimate program, created by the US Federal Government, let’s talk about how much you may qualify for.
For 2021, the employee retention credit (ERC) is a quarterly tax credit against the employer’s share of certain payroll taxes. The tax credit is 70% of the first $10,000 in wages per employee in each quarter of 2021. That means this credit is worth up to $7,000 per quarter and up to $28,000 per year, for each employee.
Treasury Dept. (.gov)
No worries if this sounds like a foreign language. Our ERC Agent will make sure you understand everything before you file.
To get started, please complete the form below. Our ERC Agent will contact you as soon as possible, usually in 1-2 business days.