Many companies haven’t taken advantage of the Employee Retention Tax Credit (ETRC/ERC), but it could put tens of thousands of dollars back in the bank. Some simply think the program is over, not worth the trouble or were not eligible previously. Fortunately, not only is there still time to claim this valuable tax credit, but changes in the law have opened it up to many more companies. So even if you were not eligible before, you very well may be now.
We are holding a free webinar to help companies learn all about ERTC, including what it is, who is eligible and how to claim it. The webinar is open to everyone, simply register and join us to learn how to make the ERTC work for you
Date: May 26
Time: 11 AM (Arizona time)
Click to register
Who can get the Employee Retention Credit?
The Employee Retention Tax Credit, referred to as both ERTC and ERC, was created with the CARES Act to help companies keep workers employed during the pandemic. Most companies that were in operation during the pandemic qualify, even if:
- You stayed open by limiting seating, making changes to your sales/marketing efforts or took other measures to comply with government orders and still operate.
- You received a Paycheck Protection Loan and forgiveness.
- You are considered an essential business.
- You were previously not eligible
How much is the Employee Retention Credit worth?
The amount of ERC money you qualify for depends on a number of factors, which can be a bit complicated to calculate. We created this Eligibility Wizard to help companies see if they may qualify, however here is an example of what a 10-employee company may expect:
A 10-employee company that was eligible all of 2020 and the first two quarters of 2021 can receive $19,000 per employee, totaling $190,000 in ERC.
As you can see, you don’t need to have a large company with many employees to benefit from the Employee Retention Credit. Join us on Thursday, May 26 and we’ll walk you through it and help you leverage this program to your company’s advantage.
The material presented here is educational in nature and is not intended to be, nor should be relied upon, as legal or financial advice. Please consult with an attorney or financial professional for advice.