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Details

ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.

Established by the CARES Act, it is a refundable tax credit – a grant, not a loan – that you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.  Up to $26,000 per employee  Available for 2020 and the first 3 quarters of 2021 

Qualify with decreased revenue or COVID event  No limit on funding  ERC is a refundable tax credit How much money can you get back? You can claim up to $5,000 per employee for 2020. For 2021, the credit can be up to $7,000 per employee per quarter.

How do you know if your business is eligible? To qualify, your business must have been negatively impacted in either of the following ways:  A government authority required a partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel, or restrictions of group meetings. 

Gross receipt reduction criteria are different for 2020 and 2021 but is measured against the current quarter as compared to 2019 pre-COVID amounts.  A business can be eligible for one quarter and not another.  Initially, under the CARES Act of 2020, businesses were not able to qualify for the ERC if they had already received a Paycheck Protection Program (PPP) loan. With new legislation in 2021, employers are now eligible for both programs.

If you work for a company or you are a Business Owner or a Non-Profit Employee or Owner? Does your company have 5 or more W2 Employees? Was your business affected by COVID? If you are not the owner ask us how you can win fee-based and make a huge difference for your company.

Find out how you may qualify for Employee Retention Credits up to $26,000 per Employee. This Grant is not a loan and does not have to be paid back.
Find out more about the Program
https://event.webinarjam.com/register/52/qgw7osmr

  • Get scheduled for a FREE 15 min evaluation to see if, and how much you may qualify for
  • No cost or obligation
  • Feel free to invite other Business Owners, Non-Profit Owners as well

Click here to sign up for the ERC Information Overview:

Watch Seminar Re-run:
https://youtu.be/18efwg4CevU

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