The Employee Retention Credit

A stimulus for your business

WHAT IS IT?

The Employee Retention Credit (ERC) is a tax credit offered from the IRS to small businesses to help weather the Covid-19 pandemic. Think of the ERC as a stimulus for your business. This is not a loan, so it does not need to be paid back.

HOW MUCH CAN I CLAIM?

Businesses who claim the ERC can claim up to $5,000 of guaranteed funds per employee for 2020, and $7,000 per employee for each quarter of 2021

HOW DO I QUALIFY?

In order to qualify for the ERC credit, your businesses must've experienced a decrease in revenue over any quarter in 2020, OR, experienced a "full or partial closure", which can include limited seating, being limited to take out only, or shortened hours.

GET AN ESTIMATE OF WHAT YOU QUALIFY FOR!

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