What is 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 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.
When you get paid, they take a small amount. This fee is when you actually receive your grant check. this is not like a loan it’s not like free money this is money you’ve 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.
That’s pretty straightforward but there are other qualifiers, this is actually going to apply to 2020 and 2021. they call it the partial or full suspension qualifier. 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 speaking to a former auto mechanic. he was like yeah we never shut down we actually did better than before.
It’s like i know but if you couldn’t get the parts you needed because, let’s say as an example, tires, transmissions, then your business typical operations were more than nominally impacted as a result that’s another qualifier and again you’re probably going to be able to get some money both in 2020 and 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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