17 Questions FAQ

• ERTC is a tax credit that refunds a percentage of payroll in each quarter that you qualify for up to $26,000 per full-time employee.
• You can now qualify for PPP and ERTC, with the stipulation to use the dollars for different purposes. Both programs are part of the CARES Act 2020.

Yes, this credit can be claimed alongside other relief options, including Paycheck Protection Program (PPP) and the Shuttered Venue Operators Grant (SVOG). Our team of experts will work with you to identify what expenses should be allocated across these programs to ensure you maximize the amount of relief your organization receives.

While the US Government is providing an unprecedented stimulus to the economy, you may want to consider private options that are always in place and not dependent on COVID-19. 

We increase the value of any regular ERTC provider by over 100% with 2 no net cost easy to implement systems for companies with over 50 employees and no maximum size.

1. Save your business between $1,000 to $3,000 per employee in health care costs annually, without changing your plan or your provider. Would you like to know if your business is overpaying $1,000 or $3,000?

2. Save your business $650 per employee in payroll tax annually while increasing the employees' take-home pay by up to $1,100. This option is NOT a major medical plan, and it is compatible with most self-funded plans.

1. Existing Businesses in 2019 of all industries with 1 to 499 full-time employees could qualify.

• 2019 is the year of reference to consider employees and revenue and compare it with 2020 and 2021.

Do I qualify for 2020 and 2021? 

1. If in 2019 you had less than 100 full-time employees, you can qualify for both years of the Program, 2020 and 2021. 
2. If in 2019 you have more than 100 employees, you can qualify for 2021.

How much do I receive?

1. If you qualify for 2020, you receive a total of up to $5,000 per full-time employee.
2. If you Qualify for 2021, you can receive up to $26,000 per full-time employee or up to $7,000 per quarter per full-time employee.

Yes, it is retroactive to March 13, 2020, BUT eligible employers no longer see a positive cash flow impact. All fillings are now retroactive. 

Like any other Tax Credit by assert to the IRS that you can legally claim the credit. There is no “application process” to claim ERTC, unlike the Payroll Protection Program (administered by the Small Business Administration).

Bankers are not involved in tax credits of any kind. With PPP, The SBA paid an administrative service fee to the Banks to process the loan applications. 

In regards to the other professionals, Claiming tax credit is beyond their expertise. Claiming tax credits is a specialized area of tax that your Payroll Service and CPA, or Enrolled Agent, does not have. 

Maximizing ERTC requires:

1. Computing your ERTC credits requires visibility into your P&L and PPP forgiveness applications, 
2. Having a proficient understanding of complex eligibility and experience allocating ERTC credits at the employee level while accounting for annual and quarterly qualifying wage gaps.
3. Documentation of the case and system used to support an IRS Audit.

If you want a second set of eyes on this, we’re happy to take a look.

Yes, you are still eligible for the Employee Retention Credit even if they work with a PEO. Our specialists are familiar with this staffing structure and can help guide you through the nuances.

Demonstrable:

• Full shutdowns
• Partial shutdowns
• Interrupted operations
• Supply chain interruptions
• Inability to access equipment
• Limited capacity to operate
• Failure to work with your vendors
• Reduction in services or goods offered to your customers
• Cut down in your hours of operation
• Shifting hours to increase sanitation of your facility
• And more, The ERC has gone through significant updates.

1. Provide the most significant subsidiaries for middle-income and lower-income workers.

2. Eligible employers immediately see a positive cash flow impact. 

3. Small employers benefit almost double compared to large employers. (Small definition is less than 500employees full-time in 2019). 

• May request an advance refund, and 
• May potentially take full credit for workers' wages. 

4. Employers can aggregate their businesses to qualify - they can be in different jurisdictions.

5. Nonprofits have seen credits 5x more significant than the benefit of PPP loans.

6. Start-ups (new trade or business) before September 30, 2021, may also claim ERTC. 

1. Our Private Equity firm negotiated the lowest fees and turn-around time based on our business volume. 
2. We have done the Due Diligence on government programs for many years. We work with the best ERTC experts.
3. We provide unique additional value with our other proprietary systems to lower risk and reduce costs. 
4. We only get paid WHEN you receive your ERTC tax credit. 
5. Our professionals can navigate the complexities of PPP forgiveness etc to maximize your ERTC Tax credit. 
6. ERTC uniquely benefits nonprofits.