The employee retention credit (ERC) program is helping organizations across the country claim significant pandemic financial relief (retroactive, for 2020 and 2021). When an eligible employer (from every type of trade or business) is claiming the credit, they’re receiving up to $26,000 per employee. This adds up; with some employers claiming credits over $1 million, $2 million, or even higher. The process to claim the ERC is a complicated, IRS-driven procedure involving tax returns and documents like Form 941X. However, with assistance from employee retention credit experts (like those at MP), it’s possible to claim the employee retention credit with a streamlined, audit-proof process. To explain why a business might be eligible for the ERC, here are three familiar examples of probable ERC recipients. If your company encountered some of these challenges, you’re also likely to be able to claim an employee retention credit. Read the article to:
– Find out how Dunder Mifflin (and other white-collar businesses) would qualify for huge ERCs
– Learn how social distancing requirements at Central Perk (or other employers) would qualify them for a significant ERC funds
– Outline the top reasons foodservice businesses (like Central Perk or the Cheers Bar) could claim significant employee retention credits
– Understand how remote work requirements help a company (like Dunder Mifflin) claim their ERC