ERC Specialists

The Employee Retention Credit (ERC) has been a hot topic of discussion throughout the outbreak. However, many businesses feel ineligible for the credit, and even more still need to be.  You may have been bombarded with emails, text messages, and phone calls claiming that your business or group is eligible for federal funding.  We want you to understand all the intricacies, whether you're too busy to focus on it or need to know if your business is ready to start. As you do so, consider how the ERC credit may apply to your situation.  ERC: Employee Retention Credit ERC Tax Services is a refundable payroll tax credit for businesses that can demonstrate that COVID-19 has impacted them. ERC is available to both for-profit and non-profit organizations. The Coronavirus Aid, Relief, and Economic Security (CARES) Act created the credit in March 2020 to provide financial assistance to businesses that keep their employees on payroll. despite the COVID-19 outbreak. The ERC will be accessible

We all love a little relief when it comes to taxes, right? Well, payroll tax relief can be a game-changer for businesses, giving you some financial breathing room. Whether you're running a small business or handling finances for one, let's break down how you can make the most out of payroll tax relief in simple terms. Step 1: Know Your Options First things first, you need to know what's on the table. Here are the main ways you can get some payroll tax relief: Employee Retention Credit (ERC) ERC tax credit is like a bonus for keeping your employees, especially during tough times like the COVID-19 pandemic. You can get credit for a part of the wages you pay your team. Make sure to get in touch with an ERC Guidance to make the most out of this tax relief. Payroll Tax Deferral Sometimes, the government might let you delay paying a chunk of your payroll taxes. It's like a short-term loan to help your cash flow. Work Opportunity Tax Credit (WOTC) If you hire people from spe

Let's talk about the Employee Retention Credit (ERC) in a way that makes sense for regular folks like you and me. The ERC isn't some fancy government jargon; it's more like a friendly hand helping businesses stay afloat during the rocky ride of the COVID-19 pandemic. It's like a buddy you can rely on when times get tough. So, in this article, we're going to break down the ERC in plain terms and explain why having an ERC tax service expert is like having a trusty co-pilot in this adventure. Who's Eligible? Imagine you're a business owner wondering if you can grab the ERC lifeline. It's like determining if you qualify for a discount at your favorite store. Here's the deal: To be eligible, you must have felt the pain of a big drop in your revenue, or you should've had to shut down partially or completely because of those pesky government orders. This drop in revenue should be quite noticeable - at least 50% less in any quarter of 2020 or 2021 comp

So, you've heard about the Employee Retention Credit (ERC) – that nifty tax credit here to give businesses a helping hand during tough times like the pandemic. We've got your back if you're a business owner wondering if you're eligible for this credit. Here's a simple ERC credit of the steps to check if you qualify. Step 1: Get the Basics Right  First, let's ensure you're in the right ballpark. Here are the key points to keep in mind: Who Can Apply: This credit isn't picky – it's up for grabs for both for-profit and nonprofit employers, including those tax-exempt organizations. Being in Business: Your business should have been up and running during the year you claim credit. If you started in 2020 or 2021, that's cool too. Money Talk: There's got to be a dip in your revenue. For 2020, your revenue should have dropped by at least 50% compared to the exact quarter in 2019. In 2021, the bar is set at 20%. Government Steps In: If your busine

  Imagine having a hidden treasure chest that could save your business money while ensuring your employees stay on board. That's the magic of the Employee Retention Tax Credit (ERC). But here's the catch – many businesses haven't discovered this gem or are unsure how to tap into its potential. In this blog post, we're here to reveal seven secrets to help you unlock the full power of ERC resources . Master the ERC Basics ERC? It's not alphabet soup, but a game-changing tax credit introduced under the CARES Act 2020. Its mission: to help businesses retain their workforce during the COVID-19 storm. The score? 70% of qualified wages you have paid to employees, up to a cool $7,000 per employee per quarter. Know Your Eligibility You're standing at the ERC door, but is it the right door for you? To step inside, your business needs to meet specific criteria. Think of a significant gross receipt decline or being caught up in a government shutdown. To make the right call