If you have not looked into Employee Retention Tax Credits, then you need to reach out to your regional director or contact us right away to see if you qualify. It is worth a quick assessment. We can help you claim the credit and receive cash refunds up to $5,000 per employee in 2020 and up to $7,000 per employee per quarter in 2021.
ERTC is a federal benefit that was originally established as part of the CARES Act in response to the COVID-19 pandemic, but has since been amended to offer additional benefits. The credit provides immediate and substantial benefits to qualifying employers who kept employees on payroll in 2020 and 2021. Businesses who previously received PPP loans can claim the ERTC.
A company with 20 employees on payroll may be eligible for up to $100,000 of refundable credits in 2020, and $140,000 of refundable credits for each qualifying quarter in 2021 ($560,000 potential total for 2021).