What is the Employee Retention Credit?| What is ERC? | How to Apply for Employee Retention Credit?

Visit Or Call Lindsay at 877-506-3999 About The ERC Program What is the Employee Retention Credit (ERC)? ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic. Established by the CARES Act, it is a refundable tax credit – a grant, not a loan – that you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.  Up to $26,000 per employee  Available for 2020 and the first 3 quarters of 2021  Qualify with decreased revenue or COVID event  No limit on funding  ERC is a refundable tax credit How much money can you get back? You can claim up to $5,000 per employee for 2020. For 2021, the credit can be up to $7,000 per employee per quarter. How do you know if your business is eligible? To qualify,