Leveraging our expertise and experience dealing with ERTC, our team will work with you to maximize your eligible claim. To be eligible for the 2020 and 2021 ERTC, a business or tax-exempt entity can stake its claim if:
Don't Let Misconceptions Hold You Back From Claiming Your ERTC Credit.
The ERTC tax incentive is heavily underutilized due to misconceptions surrounding eligibility. Take a look at some of the most common ERTC misconceptions.
Revenue is one of many factors that determine whether you qualify for ERTC. In fact, companies without a considerable revenue decline can still qualify for the employee retention tax credit.
Your business does not have to be deemed essential to qualify for employee retention tax credit.
Companies that have received one or both PPP fundings are eligible for the employee retention tax credit.
The ERTC tax incentive has several provisions that make it possible for employers who were not forced to completely shut down their business to qualify for the ERTC. Businesses that were forced to partially shut down their business can make a claim. Additionally, those businesses without a government mandate to shut down or partially shut down their business can still qualify through revenue decline.
Although your revenue increased for the year, many companies experienced declines in one or more quarters in 2020 and/or 2021 when compared to 2019. These short-term revenue declines allow you to qualify even with increased annual revenues.
If eligible, employers can claim the ERTC for qualified wages paid in 2020, as well as Q1, Q2, and Q3 of 2021.