In 2023, you can apply to receive ERC tax credits for The years of 2020 and 2021. But after 2023, you can only apply for tax credits of 2021.
ERC provides tax credits for businesses that retained w-2 employees during the pandemic. Employees must have received W-2 wages during the applicable quarters
The easiest way to qualify for ERC is through a basic revenue test. The IRS is trying to identify if you had a significant decrease in revenue in either 2020 or 2021 when comparing that back to 2019.
There is an additional way to qualify for the employee retention credit by justifying that your business experienced operational disruptions or restrictions from any COVID mandates or government orders.
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Our specialized team will ensure that you receive the maximum ERC Tax Credit that you qualify for without taking on unnecessary risk. We perform extensive due diligence to keep your business safe.
Even if they got a PPP or PPP-2 loan, 98% of our clients are eligible for an ERC check. The Consolidated Appropriations Act of 2021, recent stimulus legislation, eliminated the CARES Act's initial ban on having an ERC and a PPP loan retroactive to March 13, 2020. Your company is eligible for a PPP loan and an ERC refund, but specific computations regarding payroll wages and attribution are necessary. We advise using our professional services to ensure you qualify for the most significant benefit for your business since the ERC procedure can be complicated and comes with over 1,000 pages of instructions.
Yes, there are numerous methods for businesses to entirely or partly halt operations during each calendar quarter. As part of our engagement, we assist you in adequately documenting these partial halts. This covers, among other things, indoor dining capacity limitations, postponed trade shows and group gatherings, and other non-nominal interruptions.
Your company probably qualifies if it had to alter its operations due to governmental directives or if gross revenues fell by 20%. A shift in operations could entail additional cleaning or sanitizing, reducing capacity or hours, installing/using protective equipment, temperature checks, or operational effects relating to important suppliers or clients.
Even if a legal firm was still in business, cases might have been delayed if it could no longer conduct in-person depositions or court proceedings.
A partial suspension of operations can take many forms. Below are some of the common examples:
There are many more ways due to which businesses fully or partially suspend their operations during each calendar quarter. We help you with all the documentation.
R&R Agency has industry experts to help you maximize your ERC funding while maintaining compliance.
In the unlikely event that your credit is ever contested, the R&R agency team will defend our work and will fully refund any credits that are disallowed.
Our profitability is tied with yours, we work off success fees which means we are motivated to find the maximum credits your business can qualify for.
Time Is Limited to claim ERC tax Credits For both 2020 & 2021 before its End!
Time Is Limited to claim ERC tax Credits For both 2020 & 2021 before its End!