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Employee Retention Credits

A CARES Act Federal tax credit to support U.S. businesses that were impacted by COVID-19 in 2020 and 2021

This is a fully refundable payroll tax credit, which means $$$ directly from the IRS in the form of a check.

Your business is eligible to receive up to $26,000 in tax credits per eligible employee.

Taking PPP loans does not disqualify your business from receiving the ERC! Many all of our clients who have taken PPP loans (even those who have taken two PPP loans) have qualified for the ERC!

Employee Retention Credit Program (ERC)

An IRS cash rebate that rewards U.S. businesses for not giving up during the COVID-19 pandemic

What exactly is the Employee

Retention Credit?

Businesses impacted by COVID-19 can claim and receive cash up to $5,000 per qualified employee on payroll during eligible quarters in 2020 and up to $7,000 per qualified employee during eligible quarters in 2021.

  • The ERC have changed significantly since the 2020 Cares Act to allow more businesses to qualify for more credits

  • Businesses that have taken PPP loans can still be qualified for the ERC!

  • Quarters eligible for ERC have extended through 2021, unlocking up to an additional $21,000 per employee

  • Quarters eligible for ERC have extended through 2021, unlocking up to an additional $21,000 per employee

  • Unlike PPP, this is not a loan! Cash received from the ERC is a no-strings-attached cash refund on overpayment of payroll taxes you paid in 2020 and 2021, directly from the IRS

  • Our experts navigate the ERC tax code and handle all the hard work to maximize the credits that your business can receive, to let you focus on getting back to doing what you do best, which is growing your business

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Call us at: (315) 999-1075

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