ERC - Employee Retention Credit
Did you know you may be entitled to money through the ERC Program?
We are assisting our clients with the Employee Retention Credit Program (ERC) which was part of the March 2021 legislation of the American Rescue Plan Act that revised the original ERC Program included in the Cares Act of May 2020, where an employee had to choose between the PPP and ERC.
The 2021 legislation expanded, extended, and enlarged the ERC program and also allows eligible employees to benefit from or either of PPP and ERC.
Many people don't realize that they can now use PPP and ERC.
*You can get up to 26k per employee depending on actual paid wages and healthcare. If you have not received ERC give us a call asap and we'll get you started.
Here are some important points to consider for your business:
*If companies received PPP they still qualify for ERC.
ERC is a refund in the form of a grant and can return up to $26,000/employee ($11,000 is the average for companies that received PPP)
*Companies don’t have to prove loss of revenue, operational impacts qualify as well.
*With our ERC program, we assist companies in recovering taxes and wages they have already paid on their W2 employees.