EMPLOYEE RETENTION CREDIT
The Employee Retention Credit (ERC) is a fully refundable tax credit created in 2020 by the CARES Act to support businesses affected by the COVID-19 pandemic. This is not a loan and does not need to be paid back. The credit is worth up to $26,000 per employee for employers who qualify.
To explore your options give us a call at (619) 268-8042, or fill out the below form and we'll be in touch soon.
Employers qualify with one of the following three criteria:
1) Your business was partially or completely shut down due to a government COVID mandate or you were unable to get key supplies because your suppliers were shutdown by a COVID mandate.
2) Your business experienced a 20% or more reduction in revenue in any quarter in 2021 compared to the same quarter in 2019 and/or a 50% reduction in any quarter in 2020 compared to 2019.
3) If you started a business after February 15, 2020 and have W-2 employees.
Our consultation is free of charge, and we will determine: (1) whether you qualify, (2) approximately how much you qualify for, and (3) what we would charge to complete your application. If you choose to proceed, we will charge what we quoted. No surprises.