ERTC is a tax credit giving businesses up to $26,000 per employee on their payroll. This is not a loan. This is the biggest employer’s tax refund in U.S. history. Check your eligibility the easy way. Use our ERTC self-quiz here.
Our clients have received over half a billion dollars that was rightfully theirs.
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$982K refund for a Travel Agency client
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$718K refund for a Restaurant client
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$692K refund for a Sports Facility client
Use our self-quiz for a personalized answer, but here are 7 reasons why businesses qualify for ERTC.
1 – Suspension of operations in 2020 due to government order
You operated a trade or business during the calendar year 2020 and experienced a full or partial suspension of operations during any calendar quarter on account of a governmental order limiting commerce, travel or group meetings due to COVID-19.
2 – Gross receipts declined more than 50% in 2020
Your business suffered a significant decline in gross receipts by more than 50% when compared to the same quarter in the prior year.
3 – Suspension of operations in 2021 due to government order
You had a full or partial suspension of operations business during a calendar due to governmental order limiting commerce, travel or group meetings due to COVID-19.
4 – Gross receipts declined in 2021 compared to 2019
Your business suffered a decline in gross receipts in the first, second or third calendar quarter in 2021 where the gross receipts of that calendar quarter are less than 80% of the gross receipts in the same calendar quarter in 2019.
5 – Your business was affected by a supplier being unable to make deliveries
For example, a raw materials supplier was required to shut down due to government orders. As a result of the supplier’s shutdown a manufacturer was not able to perform its operations because it was not able to source an alternative supplier.
6 – Your business could only operate on a limited capacity due to governmental order
An example would be a restaurant that was ordered to close on-site dining, which was a substantial part of its business. However, it was allowed to continue carry-out service.
7 – Your business had to reduce its operating hours due to governmental order
For example, consider a food processing facility that normally operates 24 hours a day. The local health department required all food processing businesses to deep clean their workplaces once every 24 hours to reduce COVID-19 exposure. To comply, the employer had to reduce its daily operating hours to conduct the cleaning.
Learn more on the IRS website about ERTC eligibility. Or take the ERTC easy self-quiz.
NOTHING IN THIS COMMUNICATION CONSTITUTES LEGAL OR TAX ADVICE OR A GUARANTEE OF ELIGIBILITY FOR AN EMPLOYEE RETENTION TAX CREDIT. ELIGIBILITY DETERMINATIONS RELATED TO THE EMPLOYEE TAX RETENTION CREDIT ARE THE RESPONSIBILITY OF THE EMPLOYER.