Step 1
Upload a short list of your Sales for 2019, 2020 & 2021 through our secure portal and our experts will quickly assess and calculate your eligibility for ERTC Tax Refunds (Usually responding to you within 2 hours and with no obligation)
Step 2
Upload several payroll documents you already have handy.
Step 3
Step 4
Get Paid!
We Submit all the necessary documents directly to the IRS, to ensure speedy processing of your ERTC Refunds
The ERTC (Employee Retention Tax Credit):
A one-time Federal refundable tax credit which was created by the CARES Act March 27, 2020 and updated and expanded by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 in December of 2020.
Unlike PPP & EIDL – This is NOT a Loan – There is NO Re-payment
This is your own money being returned as a Payroll subsidy
ERTC IS WORTH TENS OF THOUSANDS OF DOLLARS
MOST BUSINESSES ARE ELIGIBLE FOR THIS TAX CREDIT
You received the initial PPP, then the second round of PPP. Now you can receive the ERTC and it is possibly as lucrative as the PPP.
It is tied to payroll and will require amended returns and it is a more complicated process than the PPP but we are urging our clients to take advantage as the money involved is enormous and it is Free money other than the costs to prepare.
All employee payroll which was not paid with PPP money from March 12, 2020 until June 30, 2021 are eligible for the credit excluding owners and their relatives.
Generally speaking, the tax credit equals 50 percent of a qualified employee’s pay up to a maximum credit of $5,000 per employee in 2020 and a much higher maximum credit of $7,000 per employee/per quarter in 2021. That means each employee is potentially worth $33,000 in refunds and credits by year end 2021.
Here are four real-world examples of the ERTC cash benefit:
(Examples are only for the 2020 tax year & 2021 Q1 & Q2. Balance of 2021 would be additional)
2020 |
2021 |
|
| Marketing Agency: 9 current employees and 14 W-2’s |
$0 | $62,303 |
| Bowling Center: 25 current employees and 38 W-2’s |
$38,248 | $37,344 |
| Full Service Restaurant: 33 current employees and 41 W-2’s |
$54,313 | $38,248 |
| Snack Food Company: 35 current employees and 48 W-2’s |
$85,254 | $158,753 |