The Employee Retention Tax Credit (ERTC) can be complicated to calculate, but it is worth the work. Depending on eligibility, you may be able to receive up to $26K per employee. This adds up into substantial money, even for small companies. However, it does take time and a detailed understanding of the law to accurately calculate, and maximize, the tax credit. This fact has left many companies unwilling too claim the credit, but don’t let that stop you.
With tens of thousands or more on the table, the ERC should be a priority on your to-do list before you run out of time.
ERC Help Webinar
To help clients understand the ERC we host regular ERC webinars. You can watch these and download the presentation at your convenience. (See link below) During these webinars we discuss what it takes to be eligible, and what is involved in calculating the tax credit. We also answer questions in real time, allowing people to get the information they need right away.
The following video is a recent webinar, but you can sign up for the next one by following this link.
ERC and CPAs
The ERC calculations are complicated, especially if you received PPP loans and forgiveness. Unfortunately, many of our clients had accountants and CPA that were unwilling or unable to take the time to help them with these calculations. We’ve been involved in helping our clients obtain the max of PPP loans and forgiveness possible. We’ve also created a process to help clients maximize their ERC when the program first started.
ERC Resources
Download the ERC webinar here
Check your ERC eligibility here
The material presented here is educational in nature and is not intended to be, nor should be relied upon, as legal or financial advice. Please consult with an attorney or financial professional for advice.