Claim a cash refund of up to $26,000 per employee
You may now qualify for the Employee Retention Credit (ERC) even if you had Paycheck Protection Program (PPP) forgiven.
The Employee Retention Credit (ERC), a recent addition to the COVID-19 relief program, drastically expands eligibility and extends qualifying deadlines, which means substantial payouts (up to $26k per employee) for millions of business owners like you—even if you’ve already gotten a PPP loan forgiven!
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What Exactly is the Employee Retention Credit?
Imagine it as an IRS cash rebate,rewarding business owners for continuing to employ workers during the COVID-19 Pandemic!
For each employee on your payroll, you may be eligible to claim up to $5,000 in refundable tax credits in 2020 and up to a $7,000 credit per quarter (excluding Q4) for each employee in 2021.
The purpose of the Employee Retention Credit (ERC), which was initially enacted as part of the massive COVID-19 government stimulus program known as the CARES Act, was to compensate business owners for keeping their staff members throughout the COVID-19 pandemic. The majority of business owners might receive MASSIVE CASH REFUNDS from their Payroll.
THAT’S UP TO $26,000.00 PER EMPLOYEE
EVEN IF YOU HAD YOUR PPP LOANS FORGIVEN !
HOW TO QUALIFY FOR ERC
In order to qualify for Employee Retention Credit, your business must have experienced one of three basic qualifications during the COVID-19 pandemic.
GOVERNMENT SHUTDOWNS
State or Federal Government mandated full or partial shut - downs, including social distancing restrictions, enhance hygiene procedures, etc, that limited your "normal" business operations.
SUPPLY DISRUPTIONS
Issues caused by disruptions in the supply chain affected your business's ability to operate.
REVENUE REDUCTION
Your revenue went down between 20% and 50% in 2020 and 2021 in comparative quarters in 2019.
STEPS TO PROCESS YOUR CLAIM!
1. FILL OUT OUR FORM
Complete our short 10 question survey. It costs you nothing to get the Estimate on how much credit you qualify for. IT IS FREE!
4. REVIEW YOUR ERC CLAIM
We’ll go over all the paperwork needed to put your credit in your pocket! Your data will be completely secure and encrypted.
2. WE WILL CALL YOU
We’ll call you shortly to discuss the next steps and give you a preliminary assessment of your credit.
5. GET YOUR REFUND CHECK
You’ll receive a check from the US Treasury in eight to twelve months after we file your ERC claim to the IRS.
3. SIGN WITH US
Signing an Engagement Letter will officially start the procedure to get your money from the IRS.
6. AMEND TAX RETURNS
ERC is a taxable credit, meaning you will have to amend your tax returns. We can amend your Business Tax returns at NO COST to you!
Contact us!
Contact Grant Tax Service Inc to ask about Employee Retention Credit (ERC), and claim up to $26,000.00 Tax Refund for per Employee!