What is an Employee Retainment Credit?
The Employee Retention Tax Credit (ERC) is a refundable tax credit created to cite business owners for keeping employees throughout the COVID-19 pandemic.
Both small and mid-sized businesses meet the criteria for the Employee Retention Credit and can capitalize on it while it is still available. It was signed into law in March 2020 as part of the CARES Act and expanded considerably in 2021.
Business owners impacted by COVID-19 can claim up to $5,000 in refundable tax credits per employee on their 2020 payroll. For each employee in 2021, a $7,000 per quarter (excluding Q4) credit can be claimed. Both small and mid-sized businesses meet the criteria for the Employee Retention Credit and can capitalize on it while it is still available.
Get Enrolled In No Time
With Central Consultants the enrollment process is 5 simple steps. The Employee Retention Credit is one of the most extensive credits available to business owners delivering thousands of dollars in credits to businesses nationwide and it is one of the largest grants in US history!
RISK FREE NO COST CONSULTATION
WE WILL PERPARE AND FILE YOUR DOCUMENTS
GET PAID !
WORK WITH A QUALIFIED EMPLOYEE TO UPLOAD REQUIRED DOCUMENTS
14 WEEKS TURNAROUND TIME FROM UPLOADING DOCUMENTS TO IRS SENDING THE CHECK
Who Can Claim an ERC?
If your business operations were negatively impacted by the COVID-19 pandemic in any of the following ways then you can qualify! The Employee Retention Credit is currently one of the largest credits available to business owners delivering thousands of dollars in credits per employee with qualified wages. Contact us today for a free consultation to find out if you qualify based on these factors.
•Your business was partially or fully shut down by a government authority during 2020 or 2021.
•Your business’s store capacity was limited due to an order from a government authority.
•Your business was negatively affected by supply chain issues.
•Your business’s revenue dropped by more than 20% in 2021 compared to the same quarter in 2019.
Our Results
The experienced team at Central Consultants has already helped countless businesses maximize their Employee Retainment Credit and are ready so you keep moving forward. Our results need no explanation.
