How can I use the employee retention credit to work through COVID?
The COVID-19 pandemic has been challenging for many businesses, putting immense pressure on employers and employees. The Employee Retention Credit (ERC) was introduced as part of the CARES Act in 2020 to provide financial relief and support for small to medium-sized businesses (SMBs) adversely affected during this difficult time.
This tax credit aims to help eligible employers keep their workforce intact while navigating economic uncertainty associated with the pandemic. Employers that had employees that worked through COVID can claim the employee retention credit retroactively in 2023, 2024, and 2025.
Key ERC Credit Takeaways You Will Learn:
- Retroactive Claiming: Businesses can retroactively claim the ERC for 2023, 2024, and 2025, aiding in pandemic recovery.
- Eligibility Expansion: 2021 changes expanded ERC eligibility, benefiting more small businesses with financial relief.
- Increased Credit Amount: For 2021, the ERC credit increased to 70% of qualified wages, up to $7,000 per employee per quarter.
- Interaction With PPP: Employers can claim the ERC even if they received a PPP loan, with specific considerations.
- Documentation and Deadlines: Proper documentation and adherence to deadlines are crucial for successfully claiming the ERC.
See Important 2024 Employee Retention Tax Credit Deadline Information at the Bottom of This Article.
Understanding The ERC Credit for Working Through COVID
The Employee Retention Credit (ERC) is a tax credit that provides financial relief to eligible businesses during the COVID-19 pandemic.
Definition Of The ERC
The Employee Retention Credit (ERC) is a tax incentive designed to help businesses affected by the COVID-19 pandemic maintain their workforce and navigate financial challenges.
For 2021, the ERC offers a credit equal to 70% of an employee’s qualified wages per quarter, with a maximum potential credit opportunity of up to $7,000 per employee for the fourth quarter of each fiscal period.
Eligibility Criteria For The ERC
1. The employer must have had 100 or fewer employees on average in 2019. Understanding the eligibility criteria for the Employee Retention Credit (ERC) is crucial for small to medium-sized business owners seeking financial relief during COVID-19. The following factors must be considered when determining eligibility for the ERC:
2. The business operations must be fully or partially suspended due to government orders limiting commerce, travel or group meetings, commerce travel or group meetings, or group meetings due to COVID-19.
3. There must be a significant decline in gross receipts, which can be met by showing at least a 50% drop in revenues compared to the same quarter from the previous year.
4. Employers who receive a Paycheck Protection Program (PPP) loan may not claim the ERC for wages used to satisfy PPP loan forgiveness requirements.
5. Businesses, including tax-exempt organizations and nonprofits, are eligible; however, self-employed individuals cannot claim the credit for their wages.
6. Eligible employers can only claim qualified wages paid after March 12th of 2020, and before January 1st, 2022.
7. Full-time employees work an average of more than 30 hours per week or more than 130 hours per month.
Considering these important criteria, small to medium-sized business owners can determine whether they qualify for the valuable ERC relief program during this challenging time.
Calculating The ERC Amount
Calculating the Employee Retention Credit (ERC) amount is critical for small to medium-sized business owners looking to maximize their financial relief during these challenging times.
The credit calculation is based on qualified employee wages, with the specific percentage depending on the year in question.
To illustrate this calculation more clearly: If an eligible employer has three full-time employees and pays them $9,000 each as qualified wages in one quarter of 2021, they would be able to claim an ERC totaling $18,900 (i.e., $9,000 x 0.7 = $6,300 per employee multiplied by three employees).
Business owners must keep accurate records and consult tax professionals when evaluating their eligibility and calculating the ERC amount.
The Importance Of The ERC During COVID-19
The ERC is crucial during COVID-19 as it provides financial relief and economic security for struggling businesses, supports employee retention, aids business growth and recovery, and offers potential tax savings.
Financial Relief For Businesses
Small to medium-sized businesses have undoubtedly been hit hard by the COVID-19 crisis. Thankfully, the Employee Retention Credit (ERC) offers financial relief to eligible employers struggling to retain their employees due to the pandemic.
The credit is worth up to $7,000 per employee per quarter and can be claimed against certain payroll taxes.
The ERC provides a lifeline for those businesses that need it most, allowing them to continue operating while minimizing costs. By claiming this credit, you can cover some of your payroll expenses and keep your doors open even if revenue has taken a hit due to social distancing measures or other COVID-19 related issues.
Retention Of Employees
The Employee Retention Credit (ERC) is a valuable tool for businesses to retain employees during these uncertain times. By providing financial relief, the ERC allows employers to keep paying their workers and avoid layoffs or furloughs.
In turn, this helps maintain employee morale and productivity, which are crucial factors in any business’s success.
For example, let’s say that a small business has ten employees, each earning an average of $20/hour. If they work full-time throughout the fourth quarter of 2021 and qualify for the maximum credit amount ($7,000), the employer could potentially receive a credit of up to $70,000. That amount could go towards paying other expenses or hiring new employees while retaining current ones.
Support For Business Growth
The Employee Retention Credit can provide small to medium-sized businesses with significant financial relief during the COVID-19 pandemic. By retaining employees, businesses can position themselves for future growth and recovery once the pandemic subsides.
With the credit covering up to 70% of qualified wages paid per quarter, eligible employers have a potential opportunity for substantial savings that can be reinvested into their business operations.
Additionally, by taking advantage of the ERC, businesses may also be able to increase their tax savings to further support future growth efforts.
Potential For Increased Tax Savings
The Employee Retention Credit (ERC) not only provides financial relief for businesses, but it can also potentially increase tax savings. The credit is refundable and can be claimed on quarterly employment tax returns. If the credit amount exceeds the employer’s payroll taxes owed, they will receive a refund of the excess credit amount.
This allows businesses to potentially save thousands of dollars in taxes. For example, if a business qualifies for the maximum ERC amount of $7,000 per employee per quarter and has ten eligible employees each the same calendar quarter, it could potentially claim up to $70,000 in tax credits each quarter.
COVID-Related Changes To The ERC
Recently, there have been significant changes to the ERC that businesses need to know about.
Expansion Of Eligibility Criteria For Small Businesses
Small businesses have been hit particularly hard by the COVID-19 pandemic. Thankfully, recent Employee Retention Credit (ERC) changes have expanded eligibility criteria, providing more relief for struggling small business owners.
As part of the Consolidated Appropriations Act of 2021, businesses that experienced a decline in gross receipts of at least 20% compared to the same quarter in 2019 are now eligible for the ERC.
In addition, businesses with fewer than 500 employees can now claim the credit even if they received a Paycheck Protection Program (PPP) loan.
For example, imagine an ice cream shop with just ten employees who saw sales plummet due to lockdowns and social distancing measures. They were able to keep their doors open but struggled to make ends meet.
Under previous rules, they wouldn’t have been eligible for ERC because they had fewer than 100 employees and received a PPP loan.
Increase In Credit Amount
The Employee Retention Credit has undergone several changes since its inception, including increased credit amount. Initially, the maximum credit was 50% of qualified wages paid per employee with a cap of $5,000 per employee for the entire year.
In 2021, however, the credit has increased to 70% of qualified wages and now offers a cap of up to $7,000 per quarter per employee. This means eligible employers can claim up to $28,000 per employee through December 31st this year.
For instance, suppose you’re a small business owner with ten full-time employees throughout 2020 and continued employing them despite significant losses due to the COVID-19 pandemic fallout.
Suppose you also paid each worker gross paycheck wages of at least $10k last quarter (April – June). Your business may qualify for an ERC worth roughly $49k ($7000 x 7 combined payroll taxes on those workers’ earnings).
Extension Of Period For Credit Eligibility
The Employee Retention Credit has been extended until December 31st, 2021. This means eligible employers can continue to claim the credit for all qualified wages paid during this period.
This extension particularly benefits businesses struggling with ongoing pandemic-related challenges and uncertainty. By claiming the ERC over a longer period, businesses have more opportunities to receive financial relief and support for retaining their employees.
Interaction With Other COVID-19 Relief Programs
The Employee Retention Credit (ERC) can be used with other COVID-19 relief programs, such as the Paycheck Protection Program (PPP). However, employers cannot receive the ERC for wages paid with forgiven PPP loan funds.
Additionally, if an employer has received a Shuttered Venue Operators Grant or Restaurant Revitalization Fund Grant, they are not eligible for the ERC. It’s important to note that while businesses may choose to use both programs simultaneously, they cannot claim overlapping expenses for these programs.
Who Is Eligible For The ERC?
Small businesses, non-profit organizations, tax-exempt organizations, and other eligible entities can all qualify for the Employee Retention Credit.
Small Businesses
As a small business owner, you may struggle to maintain your workforce through the challenges of the COVID-19 pandemic. The Employee Retention Credit (ERC) may be able to provide some much-needed relief.
If your business had 100 or fewer employees on average in 2019, you could qualify for this tax credit based on wages paid to all employees – whether they worked or not.
The credit is worth up to $7,000 per quarter for each employee and can be applied against certain payroll taxes. This means that small businesses like yours can potentially save thousands of dollars while retaining their valuable employees during these uncertain times.
Non-profit Organizations
Non-profit organizations are also eligible for the Employee Retention Credit. To qualify, they must meet certain criteria outlined by the IRS. These include having a decline in revenue due to COVID-19 or a government order that restricts their operations.
For example, a non-profit organization that experienced a significant decline in revenue due to canceled fundraising events could be eligible for the Employee Retention Credit.
This credit can provide much-needed financial relief and support in retaining employees during difficult times.
Tax-exempt Organizations
Tax-exempt organizations, including charities and religious institutions, are also eligible for the Employee Retention Credit (ERC). However, they need to meet a few eligibility requirements.
For example, if a church closed its doors temporarily because of COVID-19 restrictions and saw reduced donations, it may qualify for the ERC. Credit can help such organizations retain employees during these challenging times while providing financial relief.
Other Eligible Entities
Aside from small businesses, non-profit organizations, and tax-exempt organizations, other eligible entities can claim the Employee Retention Credit. These include tribal governments, start-up companies (with less than $1 million in annual revenue), and certain severely financially distressed employers.
It’s important to note that businesses must still meet all eligibility criteria to claim credit regardless of the entity type. If your business is unsure if it meets these qualifications or needs help with ERC documentation or planning, contact a professional tax and financial service provider specializing in this area.
Benefits Of The ERC For Employers That Worked Through Covid
The ERC provides critical financial relief for small to medium-sized businesses struggling to retain employees during the pandemic, supporting business growth and recovery while potentially enhancing tax savings – discover more about the benefits of this important program.
How The ERC Helps Small Businesses
The Employee Retention Credit (ERC) is a valuable lifeline for small businesses struggling to stay afloat during the COVID-19 pandemic. The credit can provide financial relief to eligible employers, helping them keep their employees on the payroll and retain their workforce.
Small businesses that qualify for the ERC can reduce their employment tax liability, providing much-needed cash flow that can be used to cover expenses such as rent, inventory, and utilities.
For example, if an employer has ten full-time employees earning $30,000 each in qualified wages per quarter, they could potentially receive a credit of up to $210 10,000 in qualified wages per year through the ERC program.
How The ERC Supports Businesses In Retaining Employees
The ERC is designed to provide financial relief to struggling businesses during the COVID-19 pandemic and support their efforts in retaining employees. Employers can continue paying workers and avoid layoffs by providing a tax credit based on qualified wages paid to all employees, regardless of whether they worked or not.
A small retail store experiencing decreased sales due to the pandemic may be eligible for the ERC. They could use this credit to keep paying their employees despite reduced hours or store closures, ensuring their workforce remains intact even as business slows down.
How The ERC Aids Business Growth And Recovery
The Employee Retention Credit can play an important role in helping businesses grow and recover from the impacts of COVID-19. By providing financial relief, the ERC allows employers to retain employees and support business growth.
For example, a small restaurant struggling to stay open due to decreased revenue may be eligible for the Employee Retention Credit. By taking advantage of this program, they could receive up to $7,000 per employee per quarter as a tax credit against their share of certain payroll taxes.
Overall, the ERC is a valuable tool that small and medium-sized businesses can use to aid in recovery from the pandemic’s economic impact.
Limitations And Exclusions Of The ERC
However, businesses should be aware of some limitations and exclusions to the Employee Retention Credit program.
Maximum Credit Amount
It’s important to note that there is a maximum credit amount for the Employee Retention Credit. The maximum allowed credit per employee is $5,000 for all of 2020 and $7,000 per employee per quarter in 2021.
For businesses struggling due to COVID-19, every little bit counts. With the potential credit opportunity of up to $7,000 per employee per quarter, the Employee Retention Credit can provide significant relief to small and medium-sized businesses.
Understanding all the details surrounding eligibility requirements and exclusions is essential before claiming this tax credit.
Restrictions On Eligible Wages
It’s important to note that not all wages paid by employers are eligible for the Employee Retention Credit (ERC). Certain types of employee compensation, such as bonuses and severance pay, are excluded from the calculation.
Additionally, there is a cap on the number of qualified wages per employee that can be used towards calculating the credit.
To illustrate this further with an example – if you have ten employees whom each earned $15,000 in qualified wages during the third quarter but only paid out $8,000 in qualified wages to each employee during that same period due to COVID-19 revenue losses causing them reduced hours or furloughs, etc., then you would qualify for a total maximum ERC of up to $56K ($7k x 8 eligible quarters).
It’s always best practice to consult with your tax professional or financial advisor regarding eligibility requirements and restrictions regarding ERC.
Exclusions For Certain Businesses
It’s important to note that the Employee Retention Credit has some limitations and exclusions. For example, if a business received a Paycheck Protection Program loan (PPP), they are not eligible for the ERC.
There are also exclusion rules for larger companies. Businesses with over 500 employees might not claim ERC unless they experienced significant sales declines during at least one-quarter of 2020 or the fourth quarter of 2021 due to government orders related to the coronavirus or its effects.
Understanding these limitations can help businesses determine their eligibility and potential benefits from the Employee Retention Credit program.
How To Claim The ERC
To claim the ERC, eligible employers must file Form 941 and report the qualified wages paid to employees during each calendar quarter, but make sure to read on for more details on how you can benefit from this essential tax credit.
Filing Requirements For The ERC
To claim the ERC, eligible employers must file Form 941, the eligible employer’s quarterly federal tax return. The credit is then claimed on Line 11c of this form for each calendar quarter in which a business qualifies.
Documentation needed to claim the ERC includes proof of qualified wages paid and documentation that shows how COVID-19 impacted your business. This could include shutdown orders or financial records showing a significant decline in gross receipts.
It’s worth noting that businesses receiving PPP loans are not disqualified from receiving the Employee Retention Credit but cannot use it to pay payroll costs forgiven under the PPP program.
Documentation Needed To Claim The ERC
To claim the Employee Retention Credit, businesses must provide documentation demonstrating their eligibility for the credit.
Additionally, employers must file Form 941, Employer’s Quarterly Federal Tax Return, with the IRS and include their claimed ERC on this form.
It is important to note that retroactive eligibility can be claimed by amending previous employment tax returns if a business did not previously claim an expected employee and retention tax credit they were entitled to receive.
Record-keeping Requirements
As a business owner applying for the Employee Retention Credit (ERC), you must keep proper payroll and employment tax records documentation. These documents include proof of the number of full-time employees and their wages paid during each calendar quarter, as well as any supporting documents that prove eligibility for the credit, such as financial statements or tax returns.
Keeping accurate records is crucial when claiming ERC because it helps you avoid errors in calculating qualified wages paid to employees, which can result in penalties from the IRS.
Maintaining clear and concise record-keeping practices for payroll-related transactions will help ensure that small-to-medium businesses follow ERC guidelines correctly while minimizing processing delays or audited risks.
Retroactive Eligibility
Businesses not qualifying for the Employee Retention Credit (ERC) in 2020 may still be eligible to claim it retroactively. Under the Consolidated Appropriations Act, businesses that were fully or partially suspended due to a government order related to COVID-19 or had significant declines in gross receipts can now claim the ERC.
This means that if your business was not eligible for the credit in 2020 but experienced a significant decline in gross receipts or suspension later on, you could still benefit from this tax credit.
It’s important to note that you can only claim the credit once per quarter, so if you claimed it for one quarter already, you cannot go back and claim it again retrospectively.
Future Claim Deadlines
The deadline to claim the Employee Retention Credit (ERC) for an eligible employer has been extended. This means eligible businesses still have time to retroactively claim this tax credit for qualified wages paid from after March 13th, 2020, through December 31st, 2021.
To claim the ERC, employers must file 941-X employment tax returns with the IRS and include any applicable Form 941s. They must also maintain proper documentation and records showing how they calculated their credit amounts.
The good news is that businesses can retroactively claim the ERC on previously filed employment tax returns if they meet eligibility criteria.
Examples Of How The ERC Works
Learn how to calculate the credit, apply it to offset payroll taxes, and compare it to other COVID-19 related relief programs in our detailed examples of how the Employee Retention Credit works.
Dive into practical case scenarios that can help you understand how your business can benefit from this tax credit even if your business has already received a Paycheck Protection Program (PPP) loan or claimed credits for paid sick leave and family leave under the Families First Coronavirus Response Act (FFCRA).
Calculating The Credit
Calculating the Employee Retention Credit is a straightforward process that relies on the wages paid to all employees during each quarter. For 2021, eligible employers can claim an employee retention tax credit of up to 70% of qualified wages paid, with a maximum employee retention tax credit opportunity of $7,000 per employee per quarter.
To determine the amount of credit you qualify for, multiply your total number of employees by their average quarterly wages and then by 70%.
It’s worth noting that any other COVID-related relief programs, such as the Paycheck Protection Program or Economic Injury Disaster Loan, may affect the calculation of your ERC.
Additionally, there are limits and exclusions to consider when claiming this credit.
How The Credit Can Be Applied To Offset Payroll Taxes
The Employee Retention Credit (ERC) can be applied to offset payroll taxes, providing much-needed financial aid relief and economic back for small to medium-sized businesses impacted by COVID-19.
Specifically, eligible employers can claim the credit against their share of social security taxes on Form 941. This means that instead of depositing the full amount of social security taxes owed, employers may reduce their employment tax deposits by the amount of the ERC claimed.
For example, if a business had ten employees and qualified for a $30,000 ERC for Q1 2021 ($3,000 per employee), they could apply for this credit against their social security tax liability for that same calendar quarter only.
Assuming a total eligible wage base of $100,000 in the first quarter of 2021 and a social security tax rate of 6.2%, their total social security tax liability would be $6,200.
By utilizing this unique aspect of the ERC program through applying credits towards payroll taxes or as refunds where applicable upon filing your Employment Tax return, businesses have greater flexibility and more options for managing their finances during these challenging times.
Comparing The Credit To Other COVID-19 Related Relief Programs
The Employee Retention Credit is just one of several relief programs designed to provide financial assistance to businesses during the COVID-19 pandemic. The table below compares the features and benefits of the ERC with other prominent relief programs, such as the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL).
| Relief Program | Benefit/Feature | Qualifying Criteria | Duration/Availability |
| Employee Retention Credit (ERC) | 70% tax credit on qualified wages (up to $7,000 per employee per quarter) | 100 or fewer employees on average in 2019; must demonstrate financial impact due to COVID-19 | Available through December 31, 2021, and can be claimed retroactively in 2023, 2024, and 2025 |
| Paycheck Protection Program (PPP) | Forgivable loans for payroll costs, mortgage interest, rent, and utilities | 500 or fewer employees; must demonstrate financial impact due to COVID-19 | Ended on May 31, 2021 (subject to any future extensions) |
| Economic Injury Disaster Loan (EIDL) | Low-interest loans to cover economic injury from COVID-19; grant of up to $10,000 available | Small businesses, nonprofits, and agricultural enterprises with 500 or fewer employees impacted by COVID-19 | Funds are no longer available |
While these programs have specific requirements and benefits, they share the goal of providing financial support to small and medium-sized businesses severely impacted by the COVID-19 pandemic. Business owners should carefully evaluate each program’s criteria and benefits to determine which option best suits their specific needs for financial assistance during these challenging times. Consult IRS resources or seek professional tax and financial services if you need further guidance.
The Future Of The ERC
As the COVID-19 situation continues to evolve, changes to the ERC program may occur. Businesses should stay up-to-date with any new developments that could impact their eligibility for this valuable tax credit.
Possible Extensions Or Changes To The Program
The Employee Retention Credit was designed to provide tangible support for businesses affected by the pandemic. While the ERC is currently set to expire on December 31st, 2021, there is a growing push among lawmakers and business groups to extend the credit beyond that date.
Potential extensions or changes could include increasing the credit amount, expanding eligibility criteria, or adjusting calculation methods. These changes would provide much-needed relief and economic security to businesses struggling in a challenging economic climate.
Ongoing Support For Businesses Affected By COVID-19
The Employee Retention Credit (ERC) is among the many programs available to support businesses affected by COVID-19. This tax credit provides financial relief to eligible employers who retain their employees despite experiencing a significant decline in their gross receipts, other gross receipts, or business operations due to the pandemic.
While the ERC was initially created as part of the CARES Act, it has been expanded and extended several times through subsequent legislation. As a result, businesses can continue to access this valuable credit until December 31st, 2021.
Resources And Support For Businesses Applying For The ERC
Businesses can find resources and support for applying for the ERC through IRS guidance and assistance and professional tax and financial services.
IRS Guidance And Assistance
The IRS is a valuable resource for small to medium-sized business owners seeking Employee Retention Credit (ERC). The agency provides comprehensive guidance on ERC regulations, eligibility requirements, and documentation procedures.
Business owners can access this information through various online channels, such as the IRS website or by contacting their local tax office. The IRS also offers assistance in calculating credit amounts and filing claims for the ERC.
This support ensures that businesses receive maximum financial relief from the program while complying with all regulations. It’s essential to keep up-to-date with any changes or updates in ERC guidelines, frequently released by the IRS.
According to recent data on Small Business Administration (SBA) loans provided under Coronavirus Aid Relief & Economic Security (CARES) Act programs available through March 2021, over five million small business loans were approved, totaling over $600 billion in funding nationwide.
Professional Tax And Financial Services
As a small to medium-sized business owner, navigating the complex regulations and requirements of tax credits like the Employee Retention Credit can be overwhelming. That’s where professional tax and financial services come in.
Working with a professional tax or financial service saves time and helps maximize your potential credit opportunity while avoiding costly mistakes. With their assistance, you can focus on what matters most – running your business during these challenging times.
In short, seeking expert assistance from professional tax and financial services could make all the difference in securing much-needed aid relief and economic back for your business through initiatives like the Employee Retention Credit program.
Conclusion and Summary for the Employee Retention Credit For Working Through COVID, Before, During, and Now After
The Employee Retention Credit has been a lifeline for many businesses struggling to survive the COVID-19 pandemic. This tax credit provides financial relief by offsetting the employer’s share of certain payroll taxes.
By retaining employees, businesses can benefit from continued growth and recovery. It’s important for eligible small to medium-sized business owners to act fast and claim this valuable credit opportunity.
Disaster Loan Advisors™ can help with filing requirements and documentation to claim the ERC.
Good news. There is still time to file! The employee retention tax credit can still be claimed retroactively and there is still time to file, even in 2023, 2024, and 2025 for the past tax years.
Employee Retention Tax Credit (ERC / ERTC) Help: Claim Up To a $26,000 Refund Per Employee for Your Business
Disaster Loan Advisors™ can assist your business with the complex and confusing Employee Retention Credit (ERC) and Employee Retention Tax Credit (ERTC) program, without you having to pay an excessive percentage of your hard earned ERC refund.
DLA doesn’t charge a percent like many companies do. Our flat fee structure is fair and reasonable based on the amount of work involved. Keep More of Your Refund™
Depending on eligibility, business owners can receive up to $26,000 to $33,000 per employee based on the number of W2 employees you had on the payroll in 2020 and 2021.
The ERC / ERTC Program is a valuable IRS tax credit you can claim. This is money you have already paid to the IRS in payroll taxes for your W2 employees.
Schedule Your Free Employee Retention Credit Consultation to see what amount $ of employee retention tax credit your company qualifies for.
ERC Deadline Urgency in 2024
April 15, 2024 Deadline for the 2020 ERC Tax Year
The deadline is coming up for the final opportunity to retroactively claim your business Employee Retention Credit for the past 2020 tax year. With the April 15, 2024 deadline fast approaching, we urge you; don’t let this final chance pass!
While not all businesses will qualify, as it depends on multiple factors per IRS Rules and Guidelines, you might be leaving significant financial relief on the table from prior COVID impact to your business during the past 2020 and 2021 business operation years.
Last year, in September 2023, the IRS temporarily paused processing ERC Claims for the remainder of last year. We at Disaster Loan Advisors (DLA) predicted this over one year ago when we made this ERC video warning business owners. See the ten-minute mark of the video for details.
TAKE ACTION NOW IN 2024
Even though the IRS has temporarily paused processing, you will still want to check eligibility and file now (if you qualify) because once the IRS will resume processing, ERC tax credit claims are processed in the order they are received.
If you haven’t previously filed for the ERC Credit, it is worth scheduling a phone call to at least explore your possible eligibility from both the past 2020 and 2021 business tax years. Contact us today for a deep-dive analysis to determine if your business qualifies one or more quarters from the 2020 and / or 2021 tax years.
As a leading dedicated member of the Tax and Accounting Team at Disaster Loan Advisors™, Mark focuses on unlocking the ERC Tax Credit's potential for eligible firms that qualify, providing strategic advice, and detailed guidance to ensure substantial financial recovery and growth. His methodical approach to client engagement includes comprehensive deep-dive analysis, customized consultation and guidance, and a commitment to achieving tangible results for each business served.
Disaster Loan Advisors™ (DLA) offers a comprehensive suite of services designed to navigate the complexities of the Employee Retention Tax Credit (ERC) program, ensuring that qualified businesses leverage the maximum possible benefit with minimum hassle. Unlike some firms that charge exorbitant contingency or percentage-based fees (often between 10% to 30% of your ERC refund), DLA operates on a fair and reasonable, transparent flat-fee structure that aligns with the IRS's guidelines.
If you are looking for an ERC Company that believes in providing professional ERC Services and value for small business owners, in exchange for a fair, reasonable, and ethical fee for the amount of work required, Disaster Loan Advisors™ is a good fit for you. STAY SAFE. STAY COMPLIANT. KEEP MORE OF YOUR REFUND.™
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