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

Small businesses have been greatly impacted by the COVID-19 pandemic, with many struggling to stay afloat during this difficult time. The government has introduced various relief measures to provide financial support, including stimulus checks for individuals and small businesses. In this blog, we'll take a closer look at the different stimulus options available to small businesses and how they can apply. Along with this, we also let you know from where you can know whether you match ERC requirements or not.  So, without further ado, let's begin!  The Paycheck Protection Program (PPP) The Paycheck Protection Program is a loan agenda that aims at helping small businesses keep their employees on the payroll during the pandemic. The Small Business Administration (SBA) administers the program and is part of the CARES Act. Congress passed this program in 2020. The PPP provides forgivable loans to small businesses to cover payroll costs, rent, mortgage interest, and utilities. The i

  PPP loan and ERC are different tax relief provisions under the CARES Act. Both of these loans provide an opportunity for small business owners to avoid permanent closers.  An employer can benefit from these loans once they have qualified under the imposed condition to apply for these loans.  Both of the loans were mainly targeted to help the small business owners, so sometimes employers wonder whether they can get the benefits of both loans. If you wonder about it too, the answer lies under section 206 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020. What Does The Taxpayer Certainty And Disaster Tax Relief Act Say? Under the law, an employer eligible for the ERC can claim the credit, even if the employer already has received a Small Business Interruption Loan under the PPP.  But there is a condition that all the employer looking to claim both of the loans needs to understand, and that is-  The eligible employer can only claim the ERC or any qualified wages that have not