The Employee Retention Tax Credit (ERTC)
The Employee Retention Tax Credit (ERTC)
The ERTC is a refundable credit that businesses can claim on qualified wages, including certain health insurance costs, paid to employees during the COVID 19 pandemic
Even if your business received the PPP Loan, you may still qualify
2020 – 50% of qualified wages up to $10,000 per employee for the year
2021 – 70% of qualified wages up to $10,000 per employee for the quarter
- Decline in gross receipts: The credit is available to employers whose gross receipts have declined by more than 50% in 2020 and 20% in 2021 compared to the same quarter of 2019.
- Partial or full suspension of operations due to COVID-19: The credit is available to employers who have experienced a partial or full suspension of their operations due to orders from an appropriate governmental authority due to COVID-19.
- Startup Recovery Business: This credit is available to businesses that began operations after 2/15/20
- While many companies take up to 6 months to file and receive the Employee Retention Tax Credit, Mind Solutions Inc. can get you your cash in hand in just 30 days!
- Our team of expert tax professionals is highly experienced with the ETRC, ensuring that your claim is processed accurately and efficiently. We handle all the paperwork and calculations, so you can concentrate on running your business.
- With our swift turnaround time, you can access the credit and cash you need to keep your business operating smoothly sooner. Don’t miss out—employers can only file for this tax credit up to three years after the original payroll taxes were due.
Don’t miss the deadline for this tax credit as Employers may only file up to three years after the original payroll taxes were due.
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