Support Your Business and Employees with the ERC
Unlock significant tax savings by retaining your workforce during challenging times.
Support Your Business and Employees with the ERC
Unlock significant tax savings by retaining your workforce during challenging times.
What is the Employee Retention Credit (ERC)?
The Employee Retention Credit (ERC) is a refundable tax credit designed to encourage businesses to keep employees on their payroll during economic hardships. This credit can provide substantial savings, helping your business navigate through difficult periods.
Eligible Employers are employers that carry on a trade or business during calendar year 2020 or 2021, including tax-exempt organizations, that either:
Fully or partially suspend operation during any eligible calendar quarter in 2020 and 2021 due to orders from an appropriate governmental authority limiting commerce, travel, or group meetings (for commercial, social, religious, or other purposes) due to COVID-19; or
Experience a significant decline in gross receipts during the calendar quarter.
Incentive Highlights
Significant Tax Savings: Claim up to $7,000 per employee per quarter.
Refundable Credit: Receive a refund even if the credit exceeds your payroll tax liability.
Supports Employee Retention: Incentivizes keeping employees on the payroll, reducing turnover and maintaining morale.
Don't Give Up On Your ERC Claim
If you or your client have had an employee retention credit claims denied or disallowed, we are here to help. The IRS has been working overtime to deny as many claims as possible in their fight against potential fraud and erroneous claims. You may have already received a notice of disallowance (LTR 105C) or have been selected for examination (audit). In either case, you need representation to defend your claim and recover the funds that you are entitled to.
Why Claiming The ERC Has Been Problematic
If you have filed a claim for refund under the employee retention credit program, there is an increased likelihood that some or all of your claims will be denied or audited by the IRS.
Thousands of employers have made ERC claims since 2020 and many of them were found to have been filed improperly. This is a complicated program to understand and qualify for. In addition, entities the IRS identifies as “ERC PROMOTERS” started to mass market and misled their clients to believe that ALL businesses can qualify which is simply not true.
Any employer that used a service provider without extensive tax credit experience will most certainly have made a mistake in either determining eligibility or calculating the allowable credit.
WHAT IS THE EMPLOYEE RETENTION CREDIT PROGRAM?
The Employee Retention Credit (ERC) is a refundable tax credit designed to encourage businesses to keep employees on their payroll during economic hardships. This credit can provide substantial savings, helping your business navigate through difficult periods.
Eligible Employers are employers that carry on a trade or business during calendar year 2020 or 2021, including tax-exempt organizations, that either:
Fully or partially suspend operation during any eligible calendar quarter in 2020 and 2021 due to orders from an appropriate governmental authority limiting commerce, travel, or group meetings (for commercial, social, religious, or other purposes) due to COVID-19; or
Experience a significant decline in gross receipts during the calendar quarter.
How Can We Help?
Tax Incentive Partnership has over 20 years of experience helping businesses not only qualify for and maximize employment tax credits. We will review your ERC eligibility, credit calculation and identify whether or not you have a valid claim to benefits. From there we will represent you and respond to the IRS on your behalf to support your claim. Before you give up and give in to the IRS’s challenge to your refund, call us first to discuss!
Contact TIP to start a risk-free review. For immediate assistance contact a licensed tax expert and call (949) 309-4101.