ERC – A Little Known Stimulus Package That Helps Businesses With W2 Employees

What is erc? The employee retention credit is a relatively new stimulus package. It was launched in March 2020.

So you heard right, the erc employee retention credit is something that’s available to businesses all the way back from march 13th 2020 all the way through the end of quarter three of 2021. So we’re talking to business owners with w-2 employees, you could have a business of a 5 to 500 employees and it’s not just limited to like mom and pop shops.

This is not something you have to do with other government programs, such as stimulus checks, ppp. You can still qualify for this regardless of how much you’ve got.

I’ve partnered with the good folks at the erc specialists bottom line and they are a company, i mean this is new legislation, they’ve been in business helping businesses get money from the government since 2009. i’ve personally vetted the ceo and their sole purpose is to help business owners with w-2 employees who qualify for erc to file the appropriate paperwork with the irs and get their money now, this is of no upfront cost to you.

They take a small fee when you get paid and that fee is actually when you receive the grant check. this is not like a loan it’s not like free money this is money you’ve already paid. This governmental program will allow the IRS to return it to you. Let’s now take a look at some qualifiers. you’ve probably heard of this, a revenue qualifier, now what that means is if your gross receipts were in decline in 2020 when you compare it to 2019 then you’re gonna qualify for the whole year.

That’s pretty straightforward but there are other qualifiers, this is actually going to apply to 2020 and 2021. they call it the partial or full suspension qualifier. now simply put, if your business or trade was partially suspended because there was like a governmental mandate that placed restrictions on your business, like you got to close your doors or you gotta have reduced capacity, then you could qualify for erc even if you were doing better in 2020 and 2021 compared to 2019.

You can still continue doing your business but the governmental shutdowns basically interrupted your typical operations. Recently there’s a qualifier, it’s like a supply chain disruption. Imagine your business being impacted nominally, which is more than 10% because you can’t obtain the supplies you need. This is going to bring in many other essential businesses. Think of the manufacturers. I was speaking to a former auto mechanic. he was like yeah we never shut down we actually did better than before.

It’s like i know but if you couldn’t get the parts you needed because, let’s say as an example, tires, transmissions, then your business typical operations were more than nominally impacted as a result that’s another qualifier and again you’re probably going to be able to get some money both in 2020 and 2021.

If you are a small business owner and would like to speak with an ERC Specialist then you can give us a call at 1-877-359-3883 or visit us at http://ErcGrantCheck.com

To read more about are erc credits taxable take a look at our new site