What is the Employee Retention Credit (ERC)?

The ERC is a refundable payroll tax credit. It was created out of the same CARES Act as the Paycheck Protection Program (PPP). Its main goal is to provide economic relief for small and medium businesses who retained employees during the COVID-19 pandemic. Initially, eligible employers could only take either PPP or ERC. In 2021, as part of the Consolidated Appropriations Act, Congress amended this provision, allowing businesses to apply for both.

How is the ERC different from the Paycheck Protection Program (PPP)?

The PPP was a forgivable loan. The ERC is a return of payroll taxes that your business has already paid. Once you receive the ERC funds from the US Treasury, there is no further reporting and there are no limitations on how you are permitted to use the funds.

Why haven't I heard about ERC before?

The PPP was heavily marketed by the SBA, while the ERC is claimed directly through the US Treasury. My goal is to obtain for your business the payroll tax refunds that they’re entitled to.

Do I have to pay this back?

No!  It’s a refund of payroll taxes already paid.  It’s your money! 

My business was profitable or deemed essential, can I still quality?

Absolutely! Both Essential and Non-essential businesses alike can qualify, and a decline in revenue is not required. Even with an increase in sales, a business can qualify if they experienced disruptions or were negatively impacted.

What is your fee and when do we pay it?

There are no up-front fees or obligation to receive your refund analysis. Once engaged to recover your refunds, my fee is 10% of the refunds received.     No money will be paid to me until you receive your refund checks. My fee includes all work performed to qualify, substantiate, calculate, and claim your ERC refunds. 

How long will it take to get my refund?

My work typically will be completed within two weeks of receiving your documents. You will receive refund checks from the US Treasury in 3 - 6 months depending upon their backlog. The longer you wait, the longer it will take!

How is the refund calculated?

Determining the proper amount that you’re entitled to is a complex accounting process. Although these are payroll tax credits, what you’ve paid in payroll tax has no bearing on your ERC calculations. The refunds are based on many factors including qualifying quarters, number of employees, hours worked, wages paid and if applicable, PPP loans, group health premiums and participation in other government programs to name a few.

You can see a detailed description of the steps we will take here:

How Does the Refund Process Work