EMPLOYEE RETENTION TAX CREDIT (ERTC)
The Employee Retention Credit
COVID-19 has been a challenge for all of us. As the world shut down the economy came to a halt, leaving the future of many businesses in a precarious position. As we begin to find normalcy again, businesses now have to focus on recovering and fortunately, several government programs are easing this process.
One such program is the Employee Retention Credit or ERC, which is a generous stimulus program designed to bolster those businesses that were able to retain their employees during this challenging time. Due to the extremely complex tax code and qualifications, it is severely underutilized.
The ERC is a federal payroll tax credit for payroll tax periods in 2020 & 2021. In most cases tax credits reduce the total amount of taxes owed. In the case of ERC not only does it reduce your taxes owed, but if your taxes owed are reduced to zero you are entitled to compensation above and beyond your original tax liability.
If your business has previously filed 2020 and 2021 payroll taxes, you can retroactively claim the ERC to reduce your tax debt and where applicable receive a surplus credit, which can result in a cash refund.
Yes! You could receive as much as $26,000 PER EMPLOYEE through this tax credit. Plus, thanks to Lendio’s ERC experts, the process is quick and simple.
SET UP AN APPOINTMENT TO SEE IF YOU CAN QUALIFY
EMPLOYEE RETENTION TAX CREDIT (ERTC)
EMPLOYEE RETENTION TAX CREDIT (ERTC)
EMPLOYEE RETENTION TAX CREDIT (ERTC)