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.
Do I qualify for 2020 and 2021?
How much do I receive?
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:
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.
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).
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.
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ERTC is a Payroll Tax Credit and is reported on IRS Form 941.
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