ERC Filing Simplified.

ERC is a refundable payroll tax credit. Born out of the same CARES Act as PPP, it’s aim is to provide economic relief for small and medium businesses who retained employees during the COVID-19 pandemic. Initially, eligible employers could only take either PPP, or ERC. In 2021, as part of the Consolidated Appropriations Act, Congress amended this provision, allowing businesses to apply for both.

PPP was heavily marketed by the SBA, while ERC is claimed directly through the US Treasury. Our mission to educate you and help you obtain for your business the payroll tax refund that it’s entitled to.

There are over 70,000 pages of tax code; it’s impossible to be an expert on all of them. ERC is all we do.  It’s like the difference between your family doctor and a neurologist. By concentrating on this one program, our strategic partners understand the intricacies and nuances involved in determining your eligibility and accurately calculating your refunds.

Due to the Employee Retention Credit, the IRS is currently working through a backlog of amended Form 941 filings. This means you could experience an extended wait time before you receive your refunds. The average return takes about 4.5 months. To check the status of your refund, you can call the IRS at 877-777-4778

Yes! Both Essential and Non-essential businesses alike can qualify, and a decline in revenue is not required. Many of our clients even had increases in sales, but still experienced disruptions or were negatively impacted and can be linked to a governmental order.

Unlike PPP, this is not a loan. It’s money for your business, and it’s up to you how you use it.

The IRS expects 70-80% of Small Businesses are good candidates for taking the ERC. If your business experienced disruptions to commerce, travel, or group meetings due to a government order, it might qualify! This includes supply chain disruptions, price increases, reduced hours, reduction in goods or services offered, were unable to travel, or attend conventions. Talk to one of our Refund Specialists to find out more.

Sometimes for companies that were previously told they did not qualify its a matter of having received out dated information. We can help you know for certain,  It won’t cost you a penny to see how much your company may recover.

The documents are simple. You’ll need quarterly payroll tax returns, Payroll reports for 2019–2021, and PPP loan forgiveness amounts.

Yes, you don’t have to count it as part of your business’s taxable income for the years or quarters you received it. However, you’ll need to reduce your reported wages for the years the credit was qualified for (2020-2021). Your CPA will be able to assist with this once you have received the refund back from the IRS.

Yes, for a long time, there was a lot of confusion about whether or not businesses could receive both a PPP loan and claim ERC benefits. Eventually, this confusion was cleared up by further legislation that made it possible for businesses to utilize both benefits as part of their economic recovery strategy.