Employee Retention Credit

Turn your 1099 into your own company, and claim thousands of dollars through the ERC

Employee Retention Credit

Turn your 1099 into your own company, and claim thousands of dollars through the ERC

WHAT IS THE ERC?

The Employee Retention Credit (ERC) is a tax credit available for small business owners, LLC’s, S-Corps or 1099 employees. Similar to the $1200 stimulus check taxpayers received, this credit is designed to help small businesses during these trying times.

HOW CAN I CLAIM IT?

1099 employees can set up their own LLC & S-Corps, allowing them to claim the ERC Tax Credit AND save thousands of dollars during tax season.

RIGHT NOW

THROUGH AN S-CORP

1. We create your
S-Corp

You now own your own company, hooray!

2. We Report Your Wage

The ERC will pay you half of what you made, up to $5,000 (ie if you made $8,000 this year, the IRS will pay you $4,000)

3. You Claim the Credit

Because you are a company with an employee, you qualify for the ERC! You will also save big come tax season.

The ERC will expire on December 31st, 2021.

Our team will help you qualify and claim your money as soon as possible

The ERC will put thousands of guaranteed dollars in your businesses pocket

COS ECR Wallet

FAQ

Are the funds limited (like PPP)?

No, any small business can receive the funds, but you have to apply before December 31st

How much is the credit?

The credit is worth up to $5,000 per employee for 2020, and $7,000 per employee for each quarter of 2021. As long as you still qualify, you can claim it all year.

How long does it take to receive the funds?

Right now, it typically takes 12-16 weeks for the money to arrive in your account

Is the ERC a loan?

The ERC is NOT a loan. It is a tax credit, meaning you don’t need to pay it back or track your spending

What Information do you need from me?

We ask questions to understand your business better, things like how coronavirus impacted your business, if you have received unemployment or PPP funds, and if you are married or have kids. All of this is to maximize your earning potential from the ERC.

Schedule a call with an accountant to get all your questions answered

How is this different from the PPP?

There are many differences between the ERC & PPP, check out our PDF guide to learn about some of the key differences

HAVE MORE QUESTIONS?

Schedule a call with a tax expert who will help you understand the ERC Tax Credit, answer your questions, and help you qualify.

COS worked with me and helped me get the ERC check in a timely fashion. They also helped me restructure 2 of my companies. Thanks COS.
- Gary D

Honestly, such a trustworthy firm. Great for setting up S-Corporations or LLCs, super smooth process for my wife and I. Looking forward to all our savings!
- Cooper B

Very organized accounting firm and will do anything to make sure that you have a great experience. They want to help you in any way that they can.
- Tanner C