What is the 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. We’re talking about business owners who have w-2 employees. You could have between 5 and 500 employees. It’s not limited to mom-and-pop shops.
This isn’t something that is you know in conflict with other government programs like stimulus checks, ppp you can still get this even if you got all that money as well in fact uh public organizations we’re talking, you know universities, non-profits even tribal businesses, they all can qualify for erc.
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.
They take a small fee when you get paid and that fee is actually when you receive the grant check. this is not like a loan it’s not like free money this is money you’ve 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. now simply put, if your business or trade was partially suspended because there was like a governmental mandate that placed restrictions on your business, like you got to close your doors or you gotta have reduced capacity, then you could qualify for erc even if you were doing better in 2020 and 2021 compared to 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 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 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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