The Self-Employment Tax Credit

We Specialize in Maximizing SETC for Self-Employed Taxpayers

ERC – Employee Retention Credit

A credit that, for eligible businesses, provides a very significant cash benefit.

The Employee Retention Credit (ERC) is a fiscal incentive created by Congress in the form of a payroll tax credit. The intent of the credit is to combat the negative impact on the economy caused by the COVID-19 Pandemic. More specifically, it is meant to help employers retain their employees.

The potential maximum combined credit for 2020 and 2021 is $26,000 per employee. Receiving a Paycheck Protection Program (PPP) loan does not instantly exclude you from qualifying.

Why ERC?

Amplify your tax credit claim for your business as our experts help you to outline the necessary steps you need

Maximum Credit Possible

Get the largest tax credit possible per each employee

The Money is Yours

You don't have to pay it back, it's NOT a loan

Seamless Process

Straightforward 123 process will ensure precision and effortless time management

Lightning Fast Results

Quicker results, which means quicker funding with our efficient process

ERC Program Specialists

Our team solely focuses on ERC which allows for us to be the experts and generate more funding for your business

Professional Support

Any questions you may have, at any given moment can be answered by our committed ERC experts

Who Qualifies for ERC?

Was your business impacted by a government mandate during 2020 or 2021?

Businesses impacted by closures and restrictions on hours or capacity may qualify. This provision also extends to suppliers of a business. If a business can prove its operations were impacted as a result of the inability to obtain goods or materials from its suppliers, it may qualify for the ERC. If any aspect of your business was impacted by a government mandate, please reach out to us so that we may determine if you qualify.

Did your business have a reduction in gross receipts for any quarter in 2020 or 2021 when compared to the same quarter in 2019?

The second way to qualify is based on a significant reduction of gross receipts. This is measured on a quarter by quarter basis. Please call or email us for a calculation of your potential refund.

Frequently Asked Questions

Is my business eligible for ERC?

There are many factors involved such as revenue reduction, business shutdown, eligible employees, etc. Our team can help you evaluate your eligibility by collecting some information from you.

What if I received a PPP loan?

Businesses who received PPP and/or PPP2 loan may still qualify for ERC, however special calculation for wages and attribution is required which we can help you with.

Will the ERC funds run out?

All eligible employers will receive the funds. Tax refunds are issued by the US Treasury. This is not a lending program.

As an owner do my wages, or the wages of any family member I employ qualify?

Maybe. Wages of owners who have majority ownership, defined as over 50%, do not qualify, nor do the W2 wages of any immediate family members of the owner. In the case an owner has less than 50% ownership, their W2 wages qualify, as do the W2 wages paid to immediate family members.

Do I have to repay the ERC credit?

No. This is a refundable tax credit and not a loan. We request a refund check for you when we file your ERC claim.

Do I only qualify if I had revenue reduction?

Revenue reduction is only one of a few ways that qualifies or disqualifies a business from ERC. If you can demonstrate interruption in business operations in each quarter, we can help you document and present to become qualified for ERC.

What wages qualify for the ERC?

Wages/compensation, in general, that are subject to FICA taxes, as well as qualified health expenses, will qualify when determining the employee retention credit. Payment must have been made after March 12, 2020 and qualify for the credit if paid through Dec. 31, 2021.

How long does it take to get my ERC Credit?

When we receive the required documents, we process an analysis, which usually takes 3-5 days. This is done at no charge. If you would like to proceed, you will select your desired payment option and we will file your claim. Once filed, refunds are released based on IRS backlog. Right now, the IRS has stipulated a 12 month minimum turnaround on the ERC refunds.

Contact Us

Please fill out the form below and we will respond to you promptly to get the qualification process started. Or call 410-812-4321 for a quicker response.