The Employee Retention Credit is a fully refundable tax credit that many people who owned businesses during the COVID-19 pandemic are entitled to. The government created this tax credit to help provide financial relief to business owners who continued to pay employees during the last three quarters of 2020 and the first three quarters of 2021.
If you owned a business during the COVID-19 pandemic, you could be entitled to a tax refund of up to $26,000 per employee.
Your success is our top priority. We understand that navigating the complexities of the ERC regulations can be challenging, and that’s where we step in. With our team’s vast experience and technical acumen, we manage the intricate process of ERC analysis and preparation to secure the payroll tax refunds that your business rightfully deserves. Our track record speaks volumes – over 1500 satisfied clients, who have trusted us to file over $1 billion in ERC refunds.
We are proud to be transparent and authentic in our approach, charging no upfront cost until our clients receive their refunds. This commitment sets us apart as we are not just service providers – we are partners invested in your growth and success. Choose us and let our expertise work for you. We are excited to embark on a truly remarkable journey with you.
The surge in popularity of Employee Retention Credits (ERCs) has seen the emergence of numerous advisory firms claiming to have ERC expertise and promising an easy approval and qualification process. As business leaders, we urge you to exercise caution when dealing with these self-proclaimed “ERC experts”. Often, their analysis, particularly concerning the Full or Partial Suspension of Operations (FPSO) criteria, falls short of the in-depth research required by the IRS. This lack of rigorous analysis exposes businesses to potential audits and penalties from the IRS due to inadequate ERC eligibility support, while these firms have already secured their payment.
At our firm, we prioritize individualized service, providing each client with detailed analysis, comprehensive due diligence, and thorough research into their specific eligibility for ERCs, based on their unique business impact from COVID-19 in 2020 and 2021. Our robust substantiation of all eligible quarters under FPSO is grounded in specific Federal, State, County, and/or Local COVID-19 government mandates, including precise start and end dates. Furthermore, we offer each client a comprehensive ERC report that outlines all ERC eligibility support and calculations, from payroll data to ERC credit amounts.
We charge a percentage of the credit that is recovered. The percentage drops significantly if you can produce the documents we need in a timely manner. We perform a free analysis of your situation to calculate and inform you of our fee. You do not have to pay anything upfront, and you only pay after the refund is issued by the government.
Yes! You can still apply for the ERC. In fact, for business owners who owned a business during the eligible quarters of 2020, the deadline to apply for the ERC is April 15th, 2024. The deadline to file for the eligible quarters of 2021 is April 15th, 2025. This means that it is not too late to apply!
If you qualify for the ERC, you are eligible for a tax credit worth 50% of up to $10,000 in qualified wages paid to eligible employees for 2020. This equates to a maximum ERC tax credit of $5,000 per eligible employee for 2020.
For 2021, you can get a tax credit worth up to 70% of qualified wages up to $10,000 paid to each employee per quarter for the first three quarters. So, the maximum credit is $7,000 per employee per quarter, or $21,000 total per employee. When you combine the credits available for 2020 and 2021, the total maximum credit is $26,000 per eligible employee.
To qualify, you must have owned a business with employees during either 2020 or the first three quarters of 2021 and your business must have…
The IRS now permits businesses, who previously had to choose between the Paycheck Protection Program (PPP) and the Employee Retention Credit (ERC), to potentially benefit from both stimulus programs. Reach out to our team to ensure you’re not missing out on any available funds!
The federal government took action to aid small businesses during the COVID-19 crisis. In addition to the widely known Paycheck Protection Program, another relief strategy emerged: the Employee Retention Credit. Unlike PPP loans, the ERC rewards businesses for retaining their employees by refunding payroll taxes. And this isn’t just a drop in the bucket, either: eligible employers can receive up to $26,000 per worker. This measure is a smart way to give businesses a boost while simultaneously incentivizing them to keep folks on their payroll.
Here at Ameriwest USA, we specialize in helping business owners just like you get the highest conceivable, most credible, and absolutely defensible amount of money they are entitled to from the Employee Retention Credit. We have helped business owners access over $1 billion in ERC tax credits.
The Employee Retention Credit, or ERC, was introduced in 2020 as part of the CARES Act to provide relief to businesses who were able to keep their employees on the payroll in 2020 and 2021.
If your business experienced a partial or complete shutdown due to a governmental order, or had a severe decline in gross receipts, your business could qualify for ERC. Unlike a tax deduction or a loan, ERC is a tax rebate of the taxes you’ve already paid, putting cash back directly back into your business.
