What is the erc? the employee retention credit simply put it is a little known stimulus package that was released way back in march of 2020 and yes there have been so many changes so i want to give you the latest information, i even have this like cool chart i’m going to show you to see if you qualify and how much money your business can potentially get so you’re not going to want to miss this.
So you heard right, the erc employee retention credit is something that’s available to businesses all the way back from march 13th 2020 all the way through the end of quarter three of 2021. We’re talking about business owners who have w-2 employees. You could have between 5 and 500 employees. It’s not limited to mom-and-pop shops.
This isn’t something that is you know in conflict with other government programs like stimulus checks, ppp you can still get this even if you got all that money as well in fact uh public organizations we’re talking, you know universities, non-profits even tribal businesses, they all can qualify for erc.
I have partnered with the erc specialists bottomline and they are a company. They help businesses get money from government since 2009, and i personally vetted them. Their sole purpose is to assist business owners who have w-2 employees that qualify for erc, to file the necessary paperwork with the IRS and get their money immediately. This is without any upfront cost.
They take a small fee when you get paid and that fee is actually when you receive the grant check. This is not a loan, it’s money you have already paid. the irs is going to give it back to you because of this governmental program. now let’s take a look right here at a couple of qualifiers. You’ve likely heard of the revenue qualifier. It means that if your gross receipts in 2020 were lower than in 2019, then you will qualify for the entire year.
That’s pretty straightforward but there are other qualifiers, this is actually going to apply to 2020 and 2021. they call it the partial or full suspension qualifier. now simply put, if your business or trade was partially suspended because there was like a governmental mandate that placed restrictions on your business, like you got to close your doors or you gotta have reduced capacity, then you could qualify for erc even if you were doing better in 2020 and 2021 compared to 2019.
While you can continue to run your business, the government shutdowns have basically disrupted your normal operations. There’s an exception, it’s like a disruption to the supply chain. imagine that your business is impacted nominally which means more than 10 percent because you can’t get the supplies you need so again this is going to bring in a whole slew of essential businesses. think of the manufacturers, i was talking to like one of my auto mechanics. he was like yeah we never shut down we actually did better than before.
It’s like i know but if you couldn’t get the parts you needed because, let’s say as an example, tires, transmissions, then your business typical operations were more than nominally impacted as a result that’s another qualifier and again you’re probably going to be able to get some money both in 2020 and 2021.
If you are a small business owner and would like to speak with an ERC Specialist then you can give us a call at 1-877-359-3883 or visit us at http://ErcGrantCheck.com
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