Maximum Amount Per Employee (2020 & 2021) $5,000 for the current year of 2020. For the year 2021, the maximum amount available is $7,000 per employee for Q1 of 2021, $7,000 per employee for Q2 of 2021, and $7,000 per employee for Q3 of 2021.
Of the first $10,000 in payroll costs covered by ERC/ERTC in Q1 and Q2 of 2021
Employee Retention Tax Credit Claim Filing Specialists Based in FL
Consolidated Appropriates Act of 2021 Expands CARES Act Employee Retention Credit
Employers, including tax-exempt organizations and Tribal organizations are eligible for the credit if they operate a trade or business during the calendar year 2020 and experience a "partial suspension" of the operation of their trade or business during any calendar quarter because of governmental orders limiting commerce, travel, or group meetings due to COVID-19. The coronavirus (COVID-19) outbreak has forced the cancellation of trade shows throughout the world as a result.
What is your fee and when do we pay it?
To begin the process of recovering your refunds, we ask for a 100% refundable deposit of $2,600. This will be returned to you if we are unable to qualify your business. Once engaged to recover your refunds, our fee is 20% of your recovered funds after you receive YOUR treasury checks less your deposit, with no hidden costs. Our fee includes preparation of your claims by an expert CPA or Tax Attorney who specializes in qualifying, substantiating, calculating, and claiming ERC refunds. 3 to 4 internal Audits from different CPAs
We also stand behind our work with Audit Protection 5-year assistance at no additional cost, backed by $1million in E&O insurance per client.
How long will it take to receive my refund?
Our work will be completed and sent for filing in between 2 weeks and 2 months of receiving your documents. You will receive refund checks from the US Treasury directly in 4 - 8 months depending upon backlog. The longer you wait, and any delays in responding to our team for document requests, the longer it will take! End of submission time is on the horizon. ACT now before it is too late to file.
According to IRS FAQs, a business that can open (but with restrictions) would still be "partially" shut down due to a governmental order. For example, if a restaurant dining room normally has 100 tables, but due to "social distancing" orders, the restaurant is only permitted to have 50 tables, the employer is still subject to a partial shutdown order and would be eligible for the ERC.
We provide complete, rapid, and uncompromising advice around Employee Retention Credits and will help you identify all the ways your business has had an impact on commerce, travel, and group meetings to qualify for ERC.