January Newsletter

Do you qualify for the Employee Retention Credit?

Don’t fall into the wrong hands when it comes to the ERC. There are many companies out there
that are promising to give you the maximum credit for minimal effort. Here is some information
that you need to consider for your business regarding ERC.
The ERC is the Employee Retention Credit or the Employee Retention Tax Credit. It is a tax
credit for businesses and those tax-exempt organizations that continued paying employees during
the COVID-19 pandemic. This includes when businesses were shut down due to a government
order or when the business experienced a significant decline in gross receipts during the eligible
periods in 2020 and 2021.

Please note that not all business and organizations are eligible to take this Tax Credit. Please do
not be misled by promoters with false information.
If you would like to know more information regarding the qualifications please reply to this
email, I am happy to help. There are no hidden fees. This email is just for information only.
If you are considering taking this credit, please know that you need the following:
1. Had employees and paid wages between March 13, 2020 and December 31, 2021.
2. During March 13, 2020 and December 31, 2021 you were not considered a self-employed
individual who did not have employees and were not a household employer.
3. If your business or organization experienced a significant decline in gross receipts during
the eligibility periods during 2020 or the first three calendar quarters. (January 2021 –
September 2021).
4. If you were a recovery start up business.
5. If the operation of your business or organization was fully or partially ordered to shut
down due to the COVID-19 pandemic during 2020 or the first three calendar quarters.
6. If you are claiming the ERC due to supply chain issues.
You will need thorough records that clearly show salaries and wages paid, gross receipts and
government orders. We still have time to file, the deadline to take this credit is fast approaching.
If you would like to know if you qualify, please schedule a phone call appointment.