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.
So you heard right, the erc employee retention credit is something that’s available to businesses all the way back from march 13th 2020 all the way through the end of quarter three of 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 like a loan it’s not like free money this is money you’ve already paid. This governmental program will allow the IRS to return it to you. now let’s take a look right here at a couple of qualifiers. You’ve likely heard of the revenue qualifier. It means that if your gross receipts in 2020 were lower than in 2019, then you will qualify for the entire 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. There’s an exception, it’s like a disruption to the supply chain. Imagine your business being impacted nominally, which is more than 10% because you can’t obtain the supplies you need. This is going to bring in many other essential businesses. think of the manufacturers, i was talking to like one of my auto mechanics. he was like yeah we never shut down we actually did better than before.
It’s almost like “I know” but if your business couldn’t obtain the parts it needed, such as tires or transmissions, then that would be another qualifier. You’re likely to be able get some money in 2020 as well as 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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