ATTN BUSINESS OWNERS:
1) Did you retain your W-2 Employees in 2020 and 2021?
2) Was your revenue negatively impacted by Covid-19 or did you experience a government shutdown?
- If you answered yes to one or both of these questions you may qualify for a CARES Act Tax Credit up to $33,000.
WHAT IS THE ERC TAX CREDIT PROGRAM?
Congress recently authorized $1.9 trillion in stimulus in 2021 to aid businesses and consumers. This includes a powerful payroll tax credit called the Employee Retention Credit Program (ERC) that can potentially eliminate your business’ payroll tax or generate a cash refund. For most businesses this is one of the largest federal incentives available, providing thousands of dollars per employee. Most importantly, essential and non-essential businesses can claim this credit even if they took part in the Paycheck Protection Program (PPP) or other COVID relief.