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Employee Retention Tax Credit Service
Identifying and maximizing the tax incentive opportunities resulting from the CARES Act
Receive Up to 50% of Qualified Wages in Employment Tax Credits
The employee retention tax credit (ERTC) is available to eligible businesses who retain employees and pay them certain eligible wages anytime between March 13, 2020 – December 31, 2020. The fully refundable tax credit is equal to 50% of wages (up to $10,000) paid by the eligible businesses financially impacted by COVID-19. Although the maximum credit per individual employee is $5,000, there is no aggregate credit limit per employer.
The ERTC is part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) enacted March 27, 2020, in response to the COVID-19 outbreak and its impact on the economy, public health, state and local governments, individuals, and businesses. This law provides many benefits to businesses in addition to the ERTC including; tax payment deferrals, grants and forgivable loans.
Let Us Take Care of the Paperwork
We monitor thousands of employment tax credits and economic incentive programs throughout the United States to ensure that you are not overlooking these valuable opportunities. Our flexible and responsive tax credit consultation will help reduce your operating costs and minimize your tax liability, resulting in unlocked bottom line savings for years to come.
Reduce Risk and Let Us Work Through the Guidelines
We can help you find out if you qualify and then manage the tax credit process for you. Learn more by completing the form on the right.
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Frequently Asked Questions
March 13, 2020 – December 31, 2020
Up to $10k in eligible wages paid per employee ($5k maximum credit per employee)
No, unlike the FFCRA which only applies to employers under 500 employees, employers of all sizes may qualify for the CARES Act ERTC
While the qualified wages that can be considered is capped at $10,000/employee (for a maximum credit potential of $5,000), there is no overall maximum or cap on the credit for each employer
Only exclusions are for
- Governmental employers
- Self-employed individuals
An Eligible Employer may not receive the Employee Retention Credit if the Eligible Employer receives a Small Business Interruption Loan under the Paycheck Protection Program that is authorized under the CARES Act (“Paycheck Protection Loan”). Also the ERTC cannot be taken on the same wages as the WOTC nor on any of the sick and family leave wages for which the employer received tax credits under the FFCRA.
