Employee
Retention Credit
Don’t Miss Out — Get Up to $26,000 per Employee
Eligible employers can receive hundreds of thousands and sometimes millions of dollars in refunds.
Need help with the Employee Retention Credit?
Schedule a free consultation with our team of experts to learn more. We’ll discuss your eligibility and help estimate your potential tax benefit.
What is the Employee Retention Credit (ERC)?
The Employee Retention Credit (ERC) is one of the most significant programs available to business owners and nonprofit organizations in years. The ERC is a federal program designed to reward small and mid-sized business owners and nonprofit organizations for retaining employees throughout the pandemic. Employers impacted by COVID-19 can often claim up to $26,000 per employee and recent changes allow many businesses and nonprofits to claim their share of this program. Many qualify but do not realize it, so contact us today for a no-cost discussion.
Unlike traditional tax credits, this refundable credit is equal to cash. Eligible employers can receive hundreds of thousands and sometimes millions of dollars in refunds.
Businesses and organizations that received PPP loans are also eligible for the ERC.
Who Can Claim the Employee
Retention Credit (ERC)?
If your business or nonprofit operations were impacted or disrupted due to a pandemic-related federal, state, or local government order.
If your business or nonprofit revenue decreased significantly compared to the same quarter in 2019.
Our Simple 3 Step Process:
We are with you every step of the way.
No obligation, risk-free, consultation
Contact us for a no-cost exploratory call
Credit qualification
We work with you to determine if you are eligible for the ERC
Document and apply for the credit
Our professionals helped businesses and nonprofits secure millions in ERC refunds
Don’t Leave Money on the Table
We are currently working with numerous employers across various industries and have helped businesses and nonprofit
organizations claim millions of dollars under this program. Take advantage of this new Employee Retention Credit while it's available.
Contact your Whittlesey Advisor for more information.
What is the ERC?
The ERC is a refundable tax credit against certain employment taxes equal to 70% of the qualified wages with a maximum of $10,000 per employee per quarter with an annual limit of $26,000 per employee.
Do I qualify for the ERC?
There are two ways to qualify for the ERC.
- Employers that must-have experienced full or partial suspended operations due to a COVID-19-related governmental shutdown order
or
- Experienced a significant decline in gross receipts of greater than 20% in any quarter of 2021 versus 2019, or 50% decline in 2020 versus 2019.
Many companies and nonprofit organizations mistake focusing on just the reduction of gross receipts and not paying enough attention to the full or partial shutdown rules to determine eligibility. This is an either or test, making many employers who experienced a full or partial shutdown due to government restrictions eligible for this credit.
I received a Paycheck Protection Program (PPP) Loan. Am I eligible for the ERC?
Yes, recipients of PPP loans are eligible for the ERC. However, PPP forgiven wages do not qualify for wages for this credit. ERC credits are significant tax credits and can often be greater than PPP loan amounts.
Are nonprofit organizations and religious organizations eligible for the ERC?
Yes, nonprofit and religious organizations are eligible for this credit. A wide range of industry employers qualify for this credit, including but not limited to: construction, education, financial institutions, government contractors, healthcare and medical, hospitality, manufacturing, nonprofit organizations, professional services, real estate, religious organizations, retail, wholesale/retail, and technology.
What time period does the ERC cover?
Eligible employers can claim the ERC for qualified wages for most of 2020 and Q1 – Q3 of 2021.
How do I apply for the ERC?
You must file an amended Form 941X Form for your eligible quarters.
I have already filed my payroll taxes. Is it too late to claim this credit?
No, you can still file an amended 941X Form.
Ready to get started?
Schedule a free consultation with our team of experts to learn more.