What Is ERC?
ERC stands for Employee Retention Credit and simply speaking it is a government refund of payroll taxes paid by U.S. businesses for the W-2 employees they retained through the pandemic (2020 & 2021).
How Are ERC funds claimed?
Basically a U.S. business has to ask for them by filing an amended tax return and properly noting the impact of the pandemic on their business even if by making impacted changes they were able to turn a profit.
Is Filing for ERC Funds Complicated?
Yes, it can be. If a business makes a mistake in the filing process it could unnecessarily delay the payment of the refund. Or the business could leave money on the table by not maximizing the eligible claims. Worst of all a business could get stuck in the weeds of the filing process and give up or delay so long that the ERC program expires without them being able to complete their filing.
What's The Easiest Way to File for ERC?
The easiest way to file for ERC is to let the experts do it for you. I work with a great company called Bottom Line Concepts, LLC who have accounting and legal experts that have gotten two billion dollars in funds for over 12,000 businesses and they don't charge any up front costs. You only pay them after you get paid. Click the link below to schedule a call with them and they will call you at the day and time you specify on their scheduling calendar.