Think of the Employee Retention Credit (ERC), as a cash rebate from the IRS. For businesses that survived through COVID, it is almost like a reward for not giving up. As far as what it is – it is cash in your pocket – like a personal tax return for your business.
Business owners impacted by COVID-19 can claim up to $5,000 in refundable tax credits for each employee on their 2020 payroll, and up to $21,000 in refundable credits for each employee on their 2021 payroll.
The Employee Retention Credit (ERC) was initially passed under the CARES Act, the substantial COVID-19 government stimulus bill, to reward business owners for retaining employees throughout the COVID-19 pandemic. These are payroll tax credits that could mean big payouts for a majority of business owners.
EZ-ERC is the country’s leading expert in understanding the complicated rules enacted in the ERC tax code. Our firm specializes in maximizing ERC credits and funding for small and medium-sized businesses.
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In 2020 our small boutique consulting firm was seriously threatened by the reality of Covid-19. Being small and specialized we rely on word of mouth and we engage personally with clients. Fortunately, we were able to stay aware of programs that kept our business going. Of all the help we received, the most “high touch” and thoughtful has been that of EZ-ERC. The senior leadership at EZ-ERC helped us move through the process quickly and accurately with the best law and accounting professionals in their corner. A process which would have been impossible to navigate without help. We highly recommend EZ-ERC; a high-tech and high-touch organization!
I had such a wonderful experience with the team at EZ-ERC. They genuinely care about getting the most and best for each of their clients, and patiently answered my thousands of questions. Highly recommend them to anyone!