07/12/2022
Was your small business affected by COVID-19!?
COVID-19 has been a challenge for all of us. As the world shut down the economy came to a halt, leaving the future of many businesses in a precarious position. As we begin to find normalcy again, businesses now have to focus on recovering and fortunately, several government programs are easing this process.
One such program is the Employee Retention Credit or ERC, which is a generous stimulus program designed to bolster those businesses that were able to retain their employees during this challenging time. Due to the extremely complex tax code and qualifications, it is severely underutilized. Details of the program include:
- Up to $26,000 per employee
- Available for 2022 Q1-Q3 2021
- Qualify for decrease revenue or covid event
- No limit on funding ( ERC is not a loan)
- ERC is a REFUNDABLE tax credit
You can begin qualifying on our website
ERC Specialists is a specialty payroll company exclusively dedicated to understanding and maximizing the CARES Act Employee Retention Credit (ERC) for small businesses affected negatively by COVID 19.