Tax Credits
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Employee Retention Credit (ERC)
Your ERC Tax Credit Experts
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We’ve secured Employee Retention Credits (ERCs) for satisfied clients nationwide.
We are your government tax incentive expert. We strive to help our clients achieve the best possible options for their businesses.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law in late March 2020, provides economic relief to businesses and individuals. The stimulus package, which made $370 billion in funding available to small companies, contains a provision allowing certain employers to claim a tax credit for retaining employees during the crisis.
Employee Retention Tax Credit (ERC)
The Employee Retention Credit (ERC) is a refundable payroll tax credit created under the CARES Act that rewards employers with up to $26,000 per employee they retained during the COVID-19 pandemic. The ERC is part of the greater pandemic relief fund that helps support employers amid the economic fallout caused by the Coronavirus. This payroll tax credit does not need to be repaid, unlike some of the pandemic-era PPP loans.
The ERC credit awards up to $5000 for each employee in 2020 and up to $7000 per employee for each of the first three quarters of 2021.
How Do Businesses Qualify for the ERC?
Your US-based business may qualify for ERC if it meets the following criteria:
Employee Count:
- You employed at least 5 W-2 employees in 2020 or 2021.
- You employed less than 500 full-time employees in 2019.
- EITHER: You suffered a significant decline in revenue in any quarter of 2020 or 2021 when compared to the same quarter of 2019.
- OR: A government order caused you to significantly modify business operations.
NOTE: Businesses that file an income tax return deducting qualified wages before filing an employment tax return claiming a tax credit should file an amended income tax return to correct any overstated wage deduction. You can read more on this IRS page.
How Do Eligible Employers Claim Their ERC Refund?
Eligible employers can still claim the ERC tax credit today by retroactively amending their 2020 or 2021 payroll taxes with IRS Form 941-X (often referenced as an “ERC tax form”) to claim an ERC refund.
We can work with eligible employers by reviewing the relevant financial records to calculate their expected ERC refund amount. Our talented team will complete and file the relevant IRS forms on the business’s behalf and prepare and retain all supporting documentation.
Why Choose AGF as My ERC Provider?
Many inexperienced ERC specialists have started up in the last two years that are abusing the ERC. IRS auditors are now targeting these “ERC mills,” and you need a tax credit specialist that you can trust.
Our Accounting Solutions is different.
We’re among the best ERC tax credit companies for a reason. Our ERC company will perform a due diligence double-check to ensure your business meets the IRS’s official ERC qualifications. We maximize your ERC refund while staying within the law and provide documentation to back up your ERC claim.
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Our business plan writer and consultant specialize in crafting professional business plans as our service for clients to meet their business planning needs. We offer a range of popular packages, including Express, Express Plus, Traditional, and Complete Business Plans. Our dedicated MBA business plan writer collaborates closely with clients to develop a well-structured plan that effectively outlines the organization's operations while providing in-depth discussions and critical elements about the company's industry, marketing strategies, marketing plan, target market, and financial forecasts.
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Ready To Start Saving, Contact AGF Today.
______________
Are you looking to create a solid custom business plan to attract potential customers, secure bank loans, or set your business up for success? Look no further than AGF Business Consulting.
Our business plan writer and consultant specialize in crafting professional business plans as our service for clients to meet their business planning needs. We offer a range of popular packages, including Express, Express Plus, Traditional, and Complete Business Plans. Our dedicated MBA business plan writer collaborates closely with clients to develop a well-structured plan that effectively outlines the organization's operations while providing in-depth discussions and critical elements about the company's industry, marketing strategies, marketing plan, target market, and financial forecasts.
______________
Are you looking to create a solid custom business plan to attract potential customers, secure bank loans, or set your business up for success? Look no further than AGF Business Consulting.
Our business plan writer and consultant specialize in crafting professional business plans as our service for clients to meet their business planning needs. We offer a range of popular packages, including Express, Express Plus, Traditional, and Complete Business Plans. Our dedicated MBA business plan writer collaborates closely with clients to develop a well-structured plan that effectively outlines the organization's operations while providing in-depth discussions and critical elements about the company's industry, marketing strategies, marketing plan, target market, and financial forecasts.