Home > Uncategorized > ERC – A Little Known Stimulus Package That Helps Businesses With W2 Employees

ERC – A Little Known Stimulus Package That Helps Businesses With W2 Employees

What is the erc? The employee retention credit is a relatively new stimulus package. It was launched in March 2020.

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 have partnered with the erc specialists bottomline and they are a company. They help businesses get money from government since 2009, and i personally vetted them. Their sole purpose is to assist business owners who have w-2 employees that qualify for erc, to file the necessary paperwork with the IRS and get their money immediately. This is without any upfront cost.

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. This governmental program will allow the IRS to return it to you. Let’s now take a look at some 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 said, “Yes, we never closed down. We actually did better than we did 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

Check out about is erc taxable go to this useful web site: click for more info

You may also like...

Leave a Reply