Employee Retention Tax Credit

The Employee Retention Tax Credit (ERTC) – is an amazing program that is part of the CARES Act of 2020. It allows companies to receive a per employee stimulus funding based on earnings. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, amended and extended the employee retention credit (and the availability of certain advance payments of the tax credits) under section 2301 of the CARES Act until June 30, 2021. The American Rescue Plan Act, enacted March 11, 2021, added section 3134 to the Internal Revenue Code to amend and extend the employee retention credit (and the availability of certain advance payments of the tax credits) to December 31, 2021.

The ERTC allows for up to a $26,000 per W2 employee and is calculated on an annual 2020 employee wage, and quarterly basis for 2021 employee wages.

Example of potential claim: A company with 12 fully qualified employees

12 X $26,000 = $312,000 claim back to the company by US Treasury checks sent directly to you!

ClaimTaxCredit.us
ClaimTaxCredit.us

Our Agency is a specialized consulting, data collection, and processing company that helps small to medium sized businesses claim incentives, credits, and rebates. We run a free summary analysis to show if there is money owed back to a company from federal and state agencies.

This money is not a loan or grant, and the company can use it for any purpose it sees fit because it’s money that the company has unnecessarily paid in or not claimed. Over 90% of Businesses don’t understand how the programs work and that’s no fault of theirs. Too many believe the benefit is only for the Fortune 500 but that’s a lie and we’re here to help companies learn.

We work with you to understand your entitlements and how to take advantage of them. We’ll ask you a series of questions to better understand your business, gather all the proper documentation needed to run a comprehensive summary analysis so you can claim the most money possible.

There are more than 7,000 federal, state and local credits and incentives and it takes a specialized team of professionals to handle the task. We love working with CPA’s and Accountants that are in business to help their customers and welcome the relationship to move companies forward.
Incentives, Credits, and Rebates are in place to provide a benefit in lowering effective tax rates, help generate a cash flow, and they are a dollar-for-dollar reduction of your income tax liability.

We can go back three years to claim the money that’s owed to you! You can claim up to three years back, however, once you file your current years taxes that fourth year back drops off forever and you’ve just thrown away the potential of thousands of dollars that could have been in you pocket. If business partners are involved but some aren’t ready to move forward, each partner has the opportunity to claim their own money.