What is erc? the employee retention credit simply put it is a little known stimulus package that was released way back in march of 2020 and yes there have been so many changes so i want to give you the latest information, i even have this like cool chart i’m going to show you to see if you qualify and how much money your business can potentially get so you’re not going to want to miss this.
You heard it right. The erc employee retention credit is available to businesses from March 13th 2020 through the end quarter three in 2021. So we’re talking to business owners with w-2 employees, you could have a business of a 5 to 500 employees and it’s not just limited to like mom and pop shops.
This is not something you have to do with other government programs, such as stimulus checks, ppp. You can still qualify for this regardless of how much you’ve got.
I’ve partnered with the good folks at the erc specialists bottom line and they are a company, i mean this is new legislation, they’ve been in business helping businesses get money from the government since 2009. i’ve personally vetted the ceo and their sole purpose is to help business owners with w-2 employees who qualify for erc to file the appropriate paperwork with the irs and get their money now, this is of no upfront cost to you.
When you get paid, they take a small amount. This fee is when you actually receive your grant check. This is not a loan, it’s money you have already paid. the irs is going to give it back to you because of this governmental program. now let’s take a look right here at a couple of qualifiers. you’ve probably heard of this, a revenue qualifier, now what that means is if your gross receipts were in decline in 2020 when you compare it to 2019 then you’re gonna qualify for the whole year.
It’s quite simple, but there are other qualifying factors. This qualifier will apply to 2020 or 2021. Simply put, if your trade or business was temporarily suspended by a government mandate, such as closing your doors or limiting your capacity, you may be eligible for erc, even if you are doing better in 2020 or 2021 than you were in 2019.
You can still continue doing your business but the governmental shutdowns basically interrupted your typical operations. Recently there’s a qualifier, it’s like a supply chain disruption. imagine that your business is impacted nominally which means more than 10 percent because you can’t get the supplies you need so again this is going to bring in a whole slew of essential businesses. Think of the manufacturers. I was speaking to a former auto mechanic. He said, “Yes, we never closed down. We actually did better than we did before.”
It’s like i know but if you couldn’t get the parts you needed because, let’s say as an example, tires, transmissions, then your business typical operations were more than nominally impacted as a result that’s another qualifier and again you’re probably going to be able to get some money both in 2020 and 2021.
If you are a small business owner and would like to speak with an ERC Specialist then you can give us a call at 1-877-359-3883 or visit us at http://ErcGrantCheck.com
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