What Is ERC?
The Employee Retention Tax Credit (ERTC) is a provision in the Coronavirus Aid, Relief, and Economic Security (CARES) Act intended to help workplaces keep employees on their payroll during the downturn caused by the COVID-19 pandemic.
It does this by subsidizing employee wages.
Qualifying businesses can claim up to $26K per employee in refundable tax credits, retroactive to 2020 and quarters 1-3 of 2021.
Despite the broad reach of this program and the sizable opportunity available to qualifying businesses, these credits are going largely unclaimed. Mainly due to business owners being unaware of ERCs or their accountant mistakenly unqualifying them because of their lack of understanding.
Our CARES ACT legal, accounting experts and consultants are here to help educate, process, and file employee retention credits on behalf of qualifying businesses.