Employee Retention Tax Credits and Refunds
If your business experienced a decrease in revenues in 2020 or 2021 and continued compensating its employees, you may be eligible for a refundable credit of up to $5,000 per employee in 2020 and up to $21,000 per employee in 2021. You may be eligible even if you received funds under the Payroll Protection Program.
Could Your Business Qualify in 2020 or 2021?
Use the checklist below as a guide to see if you could qualify for Tax Credits and Refunds.
- Did you have an operating business in 2020 or 2021?
- Did you operations get full or partially suspended by government order?
- Did 2020 sales decrease 50% or more in any quarter compared to the same quarter in 2019?
- Did 2021 sales decrease 20% or more in any quarter compared to the same quarter 2019?
- Did you pay employee wages and/or group healthcare benefits?
- Are you an accounting firm that could benefit from a partner in providing these benefits to your clients?
About Our Process
We've helped businesses of all sizes and across most industries claim their refunds with our streamlined process.
Review Eligibility
Gather initial data to review financial impacts.
Provide feedback on qualification and periods of eligibility.
Complete Calculation
Review PPP loan and forgiveness information to maximize payroll available for credit.
Identify planning opportunities for future quarters.
Claim Credit or Refund
Provide details of calculation for your review.
Complete forms or submit information to third party payroll company to file with the IRS.
Coronavirus Aid, Relief and Economic Security Act (CARES Act)
If Covid-19 affected your business, you may qualify for tax credits and refunds. The CARES Act provides critical assistance for small businesses, including tax benefits such as the Employee Retention Tax Credits.
These credits were further modified and extended through the Taxpayer Certainty and Disaster Tax Relief Act of 2020, the American Rescue Plan Act of 2021, and the Infrastructure Investment and Jobs Act of 2021. We recognize that the details of those packages can be confusing. We can help you determine if these credits apply to your business.
