What is 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 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 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.
They take a small fee when you get paid and that fee is actually when you receive the 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. 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.
While you can continue to run your business, the government shutdowns have basically disrupted your normal operations. Recently there’s a qualifier, it’s like a supply chain disruption. 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 speaking to a former auto mechanic. 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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