The Employee Retention Tax Credit (ERTC)
FIND OUT IF YOUR FOR-PROFIT OR NON-PROFIT BUSINESS IS ELIGIBLE!!!
Before we go into the details of this AMAZING Federal Program go right to the BOTTOM of this page and press the Get Started Button and choose The Employee Retention Tax Credit from the drop down on the form along with your other information!
Every few paragraphs there is going to be a Get Started Link to the same Form, just in case.
Now...on to the details...
IF YOUR BUSINESS SUFFERED DECREASED REVENUE or A PARTIAL OR FULL SHUTDOWN DURING THE FISCAL YEARS 2020 AND 2021, YOU CAN RECEIVE UP TO $26,000.00 for EVERY EMPLOYEE!!!
Established by the CARES Act, it is a refundable tax credit--a GRANT, not a loan--that you can claim for your businesses. It is based on QUALIFIED WAGES and HEALTHCARE paid to employees.
If you benefited from the PAYCHECK PROTECTION PROGRAM (PPP), you can GO BACK TO THE FEDERAL GOVERNMENT AND OBTAIN MORE MONEY FROM THE ERTC!!!
You are a SMALL BUSINESS with 500 employees or less
A government authority required partial or full shutdown of your business during 2020 or 2021. This iscludes or operations being limited by commerce, inability to travel, change in employee workload or inability to conduct group meetings.
Gross receipt reduction criteria is different for 2020 (50% loss vs. 2019) and 2021 (20% los vs. 2019) but is measured against the current quarter as compared to 2019 pre-COVID amounts.
If you had 100 employees or less you are eligible for 2020 and 2021.
If you habe between 100 and 500 employess, you are only eligible for 2021.
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