The Employee Retention Credit (ERC)

The Employee Retention Credit (ERC) came out in March of 2020. For employers, this was the height of the COVID-19 crisis. Due to the timing, and its vague language, many companies overlooked this massive credit.

However, the Consolidated Appropriations Act (CAA) expanded the ERC. Employers who were not eligible before likely are now.

On September 14, 2023 the IRS released two statements on the ERC. Despite reports suggesting that the IRS is “halting” the ERC, they are still accepting new claims within statutory deadlines. We encourage businesses to pursue the ERC due to the extended evaluation timeline, as it remains a valuable resource for financial relief. Learn more about the recent IRS statements.

Check out our video below for qualifying factors.

The ERC Provides Employers Up to $26,000 Per Employee.

Frequently Asked Questions
Below are some of the questions we’ve received from companies like yours.

If my business was considered essential, can we still qualify?

Both essential and non-essential businesses can be eligible for the ERC. Essential businesses were still impacted. If operations were fully or even partially suspended or if gross sales declined by 20% over that year, your company qualifies.

If we claimed the PPP, can we still be eligible for the ERC?

The stimulus package allows businesses that received Paycheck Protection Program (PPP) loans to still be eligible for the ERC. However, employers may only use the ERC towards wages that are not paid for with forgiven PPP proceeds.

My company is large, can we still qualify?

This credit is available to businesses of all sizes. Large employers can claim credit on wages paid to employees who are not providing services. For example, wages paid to salaried employees that are not performing their full duties, hazard pay, pay to employees who were out due to COVID-19 or under quarantine, and health insurance costs to furloughed employees or partially laid-off employees.

Are non-profit organizations eligible?

The ERC can be claimed against payroll taxes.

What if our company was profitable during the pandemic?

Even industries that were in high demand during the stay-at-home orders, such as logistics companies and supermarkets, are eligible. Every business was impacted by COVID-19; most will qualify for some portion of this credit.

Wouldn’t our sales have to decline by 20% to be eligible?

It is either a 20% decline in sales OR a suspension in operation – not both. If your company experienced either, you still qualify.

We are experts in capturing government credits for companies in any industry. The ERC has the potential to provide up to $26K per employee. Those qualifying credits could be in the millions depending on the size of your company.