What is Employee Retention Credit?
The Employee Retention Credit (ERC) was authorized under the CARES Act and encourages businesses to keep employees on their payroll.
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The 2020 ERC Program is a refundable tax credit of 50% of up to $10,000 in wages paid per employee from 3/12/20-12/31/20 by an eligible employer. Up to $5,000 Per Employee.
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The 2021 ERC Program has increased to 70% of up to $10,000 in wages paid per employee per quarter for the first 3 quarters of 2021. Up to $21,000 Per Employee.
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UP TO $26,000 TOTAL PER EMPLOYEE
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AVAILABLE FOR 2020 & Q1 - Q3 2021
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QUALIFY WITH DECREASED REVENUE OR COVID EVENT
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NO LIMIT ON FUNDING (ERC IS NOT A LOAN)
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ERC IS A REFUNDABLE TAX CREDIT
Why United Tax Credit?
Because you deserve the very best.
No upfront Cost
Our fees are success-driven, we only earn if you do.
Quick & Easy
Our streamlined process has some clients filing claims in as little as 1 - 2 weeks.
Professional Support
Although our process is quick and painless, when you have questions we have answers with a dedicated team of ERC support specialists
ERC Qualifications
While the general qualifications for the ERC program seem simple, the interpretation of each qualification is very complex. Our significant experience allows us to ensure we maximize any qualifications that may be available to your company.
FULL OR PARTIAL SUSPENSION OF BUSINESS OPERATIONS
A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel, or restrictions of group meetings.
GROSS RECEIPTS REDUCTION
Gross receipt reduction criteria are different for 2020 and 2021 but are measured against the current quarter as compared to 2019 pre-COVID amounts.
You Have Questions,
We Have Answers
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What is the tax credit amount?For 2020 you can receive a credit equal to 50% of the first $10,000 of Qualified Wages paid per employee in the aggregate for all eligible quarters. The maximum ERC for all of 2020 is $5,000 per employee. For 2021, you can receive 70% of the first $10,000 of Qualified Wages paid per employee in each quarter of the year. The maximum ERC for each quarter is $7,000 per employee. The maximum ERC for 2021 is $26,000 per employee.
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I received a PPP Loan, will my business still qualify?You can still qualify for an ERC refund check, even if you had a PPP or PPP-2 loan. While the CARES Act originally prohibited having both an ERC and a PPP loan, the stimulus legislation recently passed (Consolidated Appropriations Act of 2021) eliminated this prohibition retroactive to March 13, 2020. Your business can now have both a PPP loan and ERC refund, however, special calculations around payroll wages and attribution is required. We provide these calculations and all required schedules as part of a professional engagement.
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What constitutes an Eligible Employer?Eligible Employers for the purposes of the Employee Retention Credit are employers that carry on a trade or business during calendar year 2020, including tax-exempt organizations, that either: (1) Fully or partially suspend operation during any calendar quarter in 2020 due to orders from an appropriate governmental authority limiting commerce, travel, or group meetings (for commercial, social, religious, or other purposes) due to COVID-19; or (2) Experience a significant decline in gross receipts during the calendar quarter; or (3) began operations after February 14th 2020.
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Against what employment taxes does the Employee Retention Credit apply?The credit is allowed against the employer’s share of social security taxes under section 3111(a) of the Internal Revenue Code (the “Code”), and the portion of taxes imposed on railroad employers under section 3221(a) of the Railroad Retirement Tax Act (RRTA) that corresponds to the social security taxes under section 3111(a) of the Code.
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How can United tax Credit help me?You send us a few documents and we'll do the rest. We'll examine every aspect of the pandemic impact for your tax credit for employee retention credit. We're always just a phone call away serving all 50 states. Our ERC process only requires a short 15-minute call with you to review expectations, confirm our questionnaire responses and pull down payroll reports.
Did You Know -
" Businesses That Received PPP Loans In 2020 Or 2021 Can Still Claim The ERC "
HOW WILL THE PROCESS WORK?
Once you've applied with us, the next steps are...
01.
Data Gathering
Provide us with 941 returns, PPP loan documents, and raw payroll data.
02.
Credit Calculation
We will use our expertise to calculate the exact value of the credit you can receive from the IRS.
03.
Amending Returns
We will prepare and help file the 941-X Amended payroll returns.
04.
Get Paid
The IRS will process the credit and mail you a check.
Ready To Claim Your Employee Retention Credit?
Let's Get Started
Our team of dedicated tax professionals can help you to receive the maximum credit possible. We look forward to putting our decades of experience to work for you!
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100% Free Evaluation (No Risk or Obligation)
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Success For Thousands Of Employers, Variety of Industries
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Decades Of Experience With Complex Tax Programs
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We Only Get Paid When You Receive Your Credit
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100% Satisfaction Guarantee
The tax resolution companies reference herein are not law firms nor are such representations being made. While they may employ attorneys, CPA’s and enrolled agents pursuant to IRS Regulation Circular 230, the use of the term ‘Tax Attorney’ is used as a general or generic term referencing attorneys seasoned in aspects of tax relief and collection work. They may or may not have a specialized degree in taxation or be individually licensed in your particular state.
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