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Find Out if You Qualify for the Employee Retention Tax Credit

Ready to get started? Find out if you qualify by filling out the form below and one of our ERTC experts will contact you.

SEE IF YOU QUALIFY

Employee Retention Tax Credit Estimate Calculator

The Employee Retention Tax Credit (ERTC) was created as part of the CARES Act to encourage businesses to continue paying employees by providing a credit to the eligible employer for wages paid to eligible employees.

To estimate the credit, please input the fields below. All fields must have data in order to compute. Please input a 0 for any fields that do not apply. The calculator will estimate the benefit by quarter.

Number of Employees:
#
Average Wage Per Employee (Capped at $10k / quarter):
$
Less:
Wages Paid to Related Individuals of 50% or Greater Owners:
$
Wages Already Claimed in Other Credits Listed Above:
$
Wages Earmarked for Second Draw PPP Forgiveness:
$
Estimated Total Qualified Wages:
$
Total Estimated Credit on Wages ():
$

ERTC Experts

Slide Jason Melillo Jason C. Melillo Principal Biography Ian Ian Williams Director Biography
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What is the Employee Retention Tax Credit?

The Employee Retention Tax Credit (ERTC or ERC) was created as part of the CARES Act to encourage businesses to continue paying employees by providing a credit to the eligible employer for wages paid to eligible employees. The refundable credit is available from March 13, 2020 through September 30, 2021 and can be utilized even if companies received PPP loans. Businesses that started up after February 15, 2020 are eligible for up to $100,000 of credits on wages paid from July 1, 2021 through December 31, 2021.

KBKG is providing the following services to assist with ERTC:

  • Determine if the employer qualifies, and if so, for which quarters
  • Determine which employee wages qualify
  • Calculate credits, including analysis of PPP interplay
  • Reconcile actual credits with advance credits requested
  • Prepare reconciled data for Form 941-X
  • Prepare documentation supporting eligibility

Recipients of PPP loans are now eligible to qualify retroactively for the credit in 2020 and 2021.

2021

For 2021, there is a maximum credit of $7,000 per eligible employee, per quarter. The 2021 credit is computed at a rate of 70% of qualified wages paid, up to $10,000 per eligible employee, per quarter. For Eligible Employers with less than 500 average full-time employees in 2019, the credit is available for all employees receiving wages in 2021.

2020

For 2020, there is a maximum credit of $5,000 per eligible employee. The 2020 credit is computed at a rate of 50% of qualified wages paid, up to $10,000 per eligible employee for the year. For Eligible Employers with less than 100 average full-time employees in 2019, the credit is available for all employees receiving wages in 2020.

Eligible Employer

Full or Partial Suspension
Have their operations fully or partially suspended due to orders from a governmental authority.
Decline in Gross Revenue
Suffer a significant decline in quarterly gross revenue as measured against 2019 (50% decline for 2020; 20% decline for 2021)

Additional rules and limitations apply.

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