Employee Retention Credit
Assisting You in Retrieving Your Government Refund – Our Expertise at Your Service!
The Employee Retention Credit (ERC) stands as a stimulus initiative crafted to support businesses that successfully retained their workforce amidst the challenges posed by the COVID-19 pandemic. Collaborating with Assist Business Lending, we’ve joined forces to aid over 5,000 ERC clients in securing refunds exceeding $1.5 billion. Regardless of whether your company has a staff of 5 or 500, we specialize in guiding businesses affected by COVID-19 to optimize their ERC benefits.
Firms are not required to demonstrate a decline in revenue. The following operational impacts also meet the qualification criteria:
- Extra spacing implemented in compliance with social distancing regulations.
- Closures of supply chains or vendors
- Diminishment in the range of services provided
- Adjustment to operating hours in the business
ERC ADVANTAGES
Employee Retention Credit (ERC)
ERC is a non-repayable grant, not a loan! Reimbursements vary between $10k and $26k per W-2 employee.
Easy Qualification
The ERC relies on eligible payroll expenses and operational effects influenced by government guidelines related to the COVID-19 situation.
Unlimited Funding
In contrast to the PPP initiative, Congress has not set any restrictions on the funding for ERC.
Have PPP and Still Qualify
Born out of the CARES Act, REC stands as a refundable tax credit accessible for businesses. Even in cases where companies availed a PPP loan, they remain eligible to claim REC.