If you know business owners or executives that have been hit by pandemic, please share this page with them. This may be the life saver for drowning business, and they will thank you for that. This opportunity can be applied for all business sizes – from small businesses to large corporations.

It’s time sensitive, and it’ s real. Intrigued? Then read on.

If you are one of millions of businesses in the US that have been negatively affected by COVID 19 in 2020-2021, you are trying to find every way possible to get back to operating business in a normal, pre-pandemic manner, right? Inflation and falling stock and crypto markets make the situation even worse.

Many small businesses already took advantage of Small Business Interruption Loan under the Paycheck Protection Program (PPP). PPP loan forgiveness is all over the news today due to questionable loans given to members of congress.

However, not all businesses could qualify for PPP. For example, cannabis industry, some start ups and many hotels could not qualify at all.

And even businesses that got PPP could probably use some extra government help today.

Introducing: ERC! ERC is another government program, and it’s available to small businesses that meet the qualification requirements, regardless of the industry. And there is a program similar to ERC that is available to mid-size businesses and large corporations as well!

It is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic. Established by the CARES Act, ERC is a refundable tax credit. It is a grant, not a loan, so it does not have to be paid back. It is based on qualified wages and healthcare paid to employees.

Huge number of businesses have not even heard about this program. And among those few who heard about it, there is a wrong perception that since they already took advantage of PPP, they would not be eligible to participate in ERC.

Initially, under the CARES Act of 2020, businesses indeed were not able to qualify for the ERC if they had already received a Paycheck Protection Program (PPP) loan. With new legislation in 2021, employers are now eligible for both programs. Now, even if the business took out PPP, it still can be eligible for ERC! The ERC, though, cannot apply to the same wages as the ones for PPP.

Don’t take our word for it. Here is what IRS is saying about ERC and PPP program participation.

In other words, even if you got PPP loan, you still could claim the ERC, but a smaller portion of it. Small businesses that did not participate in PPP can get up to $26K per employee which was employed on W2 during 2020-2021. Businesses that already received PPP can claim around $10K per employee, on average.

By the way, this grant is available not only for profit, but for non-profit businesses as well.

What about large corporations? Large corporation can qualify for $1K-$2K per employee. Yes, that’s less than what small businesses would get. However, if a corporation has, for example, 10,000 employees on W2, that’s 20M dollars of extra cash that they can receive from the government.

Here is a Summary of ERC Qualification Requirements:

1. The company should have from 5 to 500 active W2 employees during 2020/ first three quarters of 2021. If the company had more than 500 employees then it will qualify for another program. You can still submit the form at the top of the page, and we’ll be in touch. If the company had less than 5 active W2’s during pandemic period, it will not qualify for ERC. Sorry.
2. 50% revenue decrease in 2020 compared to corresponding quarter of 2019, and 20% revenue loss in 2021 compared to 2019.
3. Available for 2020 and 3 quarters of 2021. ERC is claimed on an amended quarterly payroll tax return (Form 941X). Once the IRS processes Form 941X, a check is issued to the taxpayer for the credit amount, plus interest.
4. Another eligibility option is first floor businesses that were forced to partially shut down during pandemic (restaurants, franchises (McDonald’s, Dunkin’ Donuts, Burger King, etc), body shops, gyms, cannabis dispensaries, hotels – just to name a few).

How can you claim the ERC credit for your business? You can ask your local CPA to submit the claim. The problem is, many CPAs have a very vague understanding of ERC, and how to proceed legally and correctly. And if this process is done incorrectly, next thing you see will be IRS knocking at your door… Plus, with CPAs, you have to pay the hourly rate for them to do the work, and since this is a long and labor-intensive process, be prepared to shell out hefty payment before you even see the check.

We Suggest a Better Route.

We’ve partnered with one of the largest ERC companies in the US. They have done this process for over 7,000 customers and recovered over 2 Billion USD in refunds. They have been in business since 2009 and work with many of the Fortune 500. Interestingly enough, they even consulted Ernst and Young about ERC.

If you were hit by pandemic, and you think you could be eligible based on the pre-qualification requirements, submit the form at the top of the page, and we will handle the whole process for you from start to finish. The best part – with us, you don’t pay a dime upfront (unlike your local CPA who would definitely require upfront payment).

We hope your company will get the credit it deserves!