The Employee Retention Credit (ERC) was approved under the CARES Act for employers affected by the COVID-19 pandemic as an inducement to keep their employees on the payroll and off of unemployment compensation.
The ERC is a refundable tax credit per employee by an eligible employer. You can receive up to $26,000 per employee!
The ERC was not widely used until March 2021, when updated IRS regulations made this type of COVID-19 relief more accessible. In short, thousands of businesses who once picked between the Paycheck Protection Program (PPP) and ERC can now possibly use both, by amending their Quarterly Form(s) 941.
ERC Today can help!
SBAM is pleased to offer our members a new service to help them recover this payroll tax refund.
The experts at ERC Today will evaluate your tax credit eligibility by applying their specialized knowledge to the information you provide. Several hours are invested in the analysis, at no cost to your business.
If you are eligible and decide to move ahead, ERC Today will receive a percentage of your tax refund when you receive it. Additionally, with this special SBAM membership benefit, SBAM members qualifying for a refund through ERC Today will receive $250.
Time is limited on this tax credit opportunity so act now!
