Our Town America in partnership with ERC Pros

Don't miss out on $26,000 per employee.

Understanding Employee Retention Credit (ERC)

Payroll Tax Credit designed to reward businesses for retaining employees during COVID-19.

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WHAT IS ERC?

The Employee Retention Credit is a Payroll Tax Credit that you may be eligible for, even if you already have received PPP funds. The credit was initially signed into law March 2020 as part of the CARES Act, and has been expanded upon with the Consolidated Appropriations Act in December 2020 and the American Rescue Plan Act in June 2021.

Business Owners can receive a refundable credit up to $5,000 per employee in 2020, and $7,000 per quarter per employee (excluding 4th quarter), in 2021 for qualified wages.

Who is eligible to claim the ERC?

It can be difficult for one to determine on your own if you are eligible for these funds, but there are multiple ways to qualify. We are the experts in understanding the mandate of your local area that can make it easier to receive the ERC funds if you don't meet the revenue requirements.

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If your business:

  • Had a reduction in revenue in 2020 or 2021 (regardless of profits) or...
  • experienced shutdowns or operated at reduced capacity, and...
  • Has between 2 and 500 employees, and...
  • is U.S. based

You may qualify. Some details include:

  • Up to $26,000 per W-2 employee
  • No restrictions on how the money is used
  • Eligible businesses do not have to pay money back
  • Businesses that were negatively affected during Covid can qualify for ERC, even if they took advantage of the PPP loan
  • Average ERC payout for a business is $140,000
  • No cost to apply

How our process works... we make it easy!

Our CPAs will work directly with you to provide:

  1. a no-cost assessment to see if your business is eligible
  2. a preliminary projection of expected ERC amounts
  3. assistance to substantiate your credit with the IRS
  4. final credit amounts as well as file everything properly with the IRS
  5. all communication with the IRS to make sure your credit is received in full

 

APPLY NOW! It could be the most profitable 10 minutes you've ever spent!

Here you can submit basic information to determine eligibility, and receive preliminary ERC projections. No need to upload documents to get started. It's quick and easy!

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If you prefer to first speak to one of our experts for a quick 10-minute discussion, you can call us at (512) 517-5277 or email dans@ourtown.net to schedule a time to talk.
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ERC Pros in partnership with Our Town America
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Specializing in helping businesses maximize the Employee Retention Credit (ERC)