SBAM Offers Your Company A Free Employee Retention Credit (ERC) Eligibility Review.

Our goal is simple-to make sure that our members are aware of the Employee Retention Credit. So, we ask, have you determined if your company is eligible? The IRS estimates that 70% of all businesses could qualify, yet only 15% of these businesses have applied.

For eligible companies, there is money earmarked that was to be awarded as a stimulus for your company’s survival through the COVID pandemic: the Employee Retention Credit (ERC). Don’t be confused, unlike PPP, this is NOT a loan. These are credits that Congress granted against payroll taxes for retaining employees instead of laying them off. It is money your business has already paid in payroll taxes being refunded.

Determining if your company is eligible is as simple as contacting your CPA or tax advisor. Many, though, may not have the expertise needed to take your company through the entire eligibility determination process. To ensure our members that were impacted by the pandemic receive this valuable assistance they are entitled to, we have partnered with ERC Today, an accounting firm specializing exclusively in Employee Retention Credit (ERC) recovery.

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ERC Today provides a no-cost opportunity for SBAM members to see if their company qualifies and to learn about how much they might recover from these credits for W-2 employees. ERC Today specializes in (i) determining eligibility and (ii) maximizing the amount of these refunds. ERC Today works only on a contingency fee basis; they don’t get paid unless or until you get paid!

More information on the SBAM partnership with ERC Today and how members can sign up is available by clicking through below. There is also a link to the initial questionnaire which takes about 10 minutes to complete.

Please note that this refundable tax credit is not exclusive through ERC Today. If you have any questions about the ERC and whether your company is eligible, please contact your CPA or tax advisor.

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Limited Time Left to Apply!

Applications for the Employee Retention Credit must be submitted within three years following the initial payroll tax filing, so it is important to note that businesses have only a few months left to apply for their initial ERC refunds from payroll taxes in 2020. Additionally, as with the PPP, the laws and regulations are subject to change at any time, so it is best to act on this opportunity as soon as possible.

SBAM members are encouraged to contact John Galles at ERC Today to learn more or follow the link to the initial questionnaire on the partnership portal below.

Please note that this refundable tax credit is not exclusive through ERC Today. If you have any questions about the ERC and whether your company is eligible, please contact your CPA or tax advisor.

Click to get started now!

photos courtesy of SBAM/upsplash