Boost your business with employee retention credit. Wooter can assist your business with the complex and confusing Employee Retention Credit (ERC) program. Business owners and companies can receive up to $26,000 per employee for your business based on the number of W2 employees you had on the payroll in 2020 and 2021.
The ERC program is a valuable tax credit you can claim. This is money you have already paid to the IRS in payroll taxes for your W2 employees.
What is the ERC?
The Employee Retention Credit (ERC) was authorized under the CARES Act and encourages businesses to keep employees on the payroll.
In March 2020, Congress created the Employee Retention Credit (ERC) as a way to provide small businesses with financial relief during the pandemic. Since that time, the ERC has been expanded twice so more struggling companies can use it to cut down their federal tax bill.
The 2020 ERC Program is a refundable tax credit of 50% of up to $10,000 in wages paid per employee from 3/12/20-12/31/20 by an eligible employer. THAT’S UP TO $5,000 PER EMPLOYEE!
The 2021 ERC Program has increased to 70% of up to $10,000 in wages paid per employee per quarter for the first 3 quarters of 2021. THAT’S UP TO $21,000 PER EMPLOYEE!
No Upfront Cost. Quick and Easy
Take advantage of the employee retention credit (ERC). The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
Secure Process: Put your mind at ease. Our secure server and processes protect your sensitive information.
True Consulting: Allow us to fully document your eligibility and calculate your maximum ERC.
Amended Filings: Our deliverable is ready to file with the IRS without involving your payroll company.
ERC Experts: Our expert accounting team is the best in the industry, see for yourself!
No Risk: Get an ERC estimate at no cost, with minimal time invested.
Quick & Easy: Just fill out our form below and we’ll reach out to you to provide information and agreements.
Find out more information from the official IRS site.
Our pro accounting team will take care of your application.
We’ve already helped thousands of clients get their ERC.
Who Is Eligible For The ERC?
Whether or not you qualify for the ERC depends on the time period you’re applying for. To be eligible for 2020, you need to have run a business or tax-exempt organization that was partially or fully shut down because of Covid-19. You also need to show that you experienced a significant decline in sales — less than 50% of comparable gross receipts compared to 2019.
If you’re trying to qualify for 2021, you must show that you experienced a decline in gross receipts by 80% compared to the same time period in 2019. If you weren’t in business in 2019, you can compare your gross receipts to 2020.
The CARES Act does prohibit self-employed individuals from claiming the ERC for their own wages. You also can’t claim wages for specific individuals who are related to you, but you can claim the credit for wages paid to employees.
If you’re unsure if you are eligible for the ERC get in touch with our professional accountants today!
Apply for the Employee Retention Credit Today!
Getting started is easy. We will file all the paperwork required to help you get the maximum tax credit for your business!
