Employee Retention Credit

The Help You Need

A federal tax credit designed to offset taxes paid on employee wages.

CARES ACT

(CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY)

The ERC is a federal tax credit designed to offset taxes paid on employee wages. Eligible firms can claim up to 50% of qualified wages for 2020 calendar year and up to 70% of qualified wages for 2021 per first 3 quarters.

Check if you Qualify
working together

What’s the Employee Retention Credit (ERC)?

FEDERAL SMALL BUSINESS TAX CREDIT

The Employee Retention Credit (ERC) is a federal initiative designed to help businesses that have been impacted by the pandemic. Businesses may qualify for up to $26,000 per employee in ERC funds. Many businesses are still in need of financial assistance. One way to relieve the financial burden is through Employee Retention Credit. The ERC is a fully refundable tax credit for a percentage of the qualified wages employers paid their employees.

Does my company qualify for ERC?

Your company may qualify if:

dispute

Your company was negatively impacted by Covid pandemic

network

You were limited in commerce, travel, or group meetings

tax-papers

You have an EIN and paid federal payroll taxes

clock

You have not yet claimed the refund

savings

Your company received PPP funding

2020 Cares Act

50% of up to $10,000 qualified wages per year for full-time employees. Maximum credit of $5,000 per employee.

Wages total cannot include those paid by forgiven PPP loan proceeds.

2021: COVID-19 RELIEF PACKAGE

70% of up to $10,000 qualified wages per quarter for all 2021 quarters.

Maximum credit of $26,000 per employee.

Wages total cannot include those paid by forgive PPP loan proceeds

Is your company leaving money on the table?

Retroactive to the March 27, 2020, enactment of the CARES Act, the law now allows employers who received Paycheck Protection Program (PPP) loans to claim the ERC for qualified wages that are not treated as payroll costs in obtaining forgiveness of the PPP loan.

Check if you Qualify
computer

There are two ways a business can qualify:

You are running out of time to claim your credit.

YOUR COMPANY EXPERIENCED SHUTDOWN OR SUSPENSIONS

A full or partial suspension of business operations as a result of government order.

Partial shutdown example – in-door dining was not allowed at a restaurant, but take-out was available

Full shutdown example – under the CA stay at home order, child day care centers were completely closed

YOUR COMPANY EXPERIENCED A REVENUE DECLINE FROM 2019

A significant decline in revenue is defined as:

For 2020
A 50% decline in revenues in any quarter compared to the same quarter in 2019

For 2021
A 20% decline in revenues in any quarter compared to the same quarter in 2019

We process all the ERTC paperwork for you…

With our three step process.

  • 1.

    Step One

    First, we dedicate a team to perform a comprehensive analysis by quarter to determine the maximum amount we can potentially qualify a company for.

  • 2.

    Step Two

    Next, we schedule a one-on-one interview with senior counsel from the law firm that Premier has engaged to provide an Attorney Eligibility Letter for each of our clients. The firm referenced is comprised of former IRS trial attorneys that specialize exclusively in tax matters.

  • 3.

    Step Three

    Once the Financial and Legal part of our process is complete, we fill out the 941-Xs on the client’s behalf, sign them, and file them with the IRS. The tax law firm preparing the tax audit file submits a power of attorney to the IRS and confirms that the amended returns are received and processed. If any issues arise, they deal directly with the IRS to resolve them. We track and seamlessly manage the entire process from inception to when they receive their refund. Finally, once payment is received, we provide the entire package for the CPA and their client to process the amended returns for 2020 and/or 2021 that need to be completed.

We work exclusively on a success fee arrangement; if the client doesn’t receive a refund, then they will never receive and invoice for any of the accounting or legal completed!

Check if you Qualify

FREQUENTLY ASKED QUESTIONS

Understand why we provide the best ERC tax credit solutions to give your business a competitive edge.

Business owners are rewarded for their efforts to keep employees during the pandemic. Find out in 60 seconds if you can uncover lucrative tax credits. Discover the most lucrative tax credits for your business.

Let’s Meet

Contact us or submit a form to see if you qualify.

Contact Us
Check if you Qualify