Attention US Business Owners!

If you currently own, or owned, a US Based Business with W-2 Employees, Please watch the video below!

Forbes has this to say about ERC:

“The Employee Retention Credit (ERC) has proven to be one of the most effective tax policies in helping small and medium businesses and tax-exempt entities weather the economic impact of the pandemic. The ERC provides employers up to $7,000 per employee per quarter in refundable tax relief for the first three quarters of 2021 (and a reduced benefit for 2020).”

Read the complete report from FORBEs magazine HERE!

The Employee Retention Credit (ERC) program was created under the Coronavirus Aid, Relief and Economic Security Act (CARES Act) as part of the federal government’s relief program to encourage and reward business owners that retain employees during the COVID-19 pandemic.

Recently the policy was amended to enable business owners to qualify for ERC tax credits even if they received PPP loans.

The time period the program covers was also extended from March 22, 2020 to December 31, 2023.

Does My Business Qualify?

The eligibility requirements for ERC are as follows:

—–Your business experienced a partial or complete suspension of operations. This includes: * Social distancing requirements that reduced capacity *

—–Reduction of hours of operation * Distribution delays or suspensions * Supply chain disruptions *

—–Suspended onsite work or client meetings

Businesses that qualify for both 2020 and 2021 ERC tax credits may receive up to $26,000 per eligible employee.