The Employee Retention Credit (ERC) program was created to help businesses recover from the economic impact of COVID-19. Under this program, businesses like yours can claim thousands of dollars per employee if they qualify.
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Your organization could be eligible for up to $26,000 per employee in employee retention tax credit (ERTC)– even if you received PPP loans. Are you updated on the latest guidance from the IRS on how to claim your ERTC? The HR and payroll experts at MP share what you must know about the ERTC. Download the infographic to:
• Find out if your company is eligible for an employee retention credit
• Get guidance on claiming the maximum amount per employee in 2021 (and 2020 retroactively)
• Learn about how ERTC and PPP loans interact
Download the infographic.
Employers across all industries are claiming an Employee Retention Tax Credit (ERC) of up to one million dollars (and sometimes more). Organizations of all types (including tax-exempt nonprofit organizations) are still eligible even if they have received PPP loans or other pandemic assistance. Determine if your organization could claim an ERC by utilizing this questionnaire, developed by MP’s HR and payroll experts. Read the article to:
• Learn if a vendor supply issue may qualify you for an ERC
• Find out if social distancing requirements may qualify you for an ERC
• Discover if your revenue loss in 2020 or 2021 was enough to qualify your organization for an ERC
Read the article.
Many businesses and nonprofits struggling to recover from the pandemic. The Employee Retention Tax Credit (ERC), a refundable and advanceable, tax credit, could bring significant financial relief to both businesses and nonprofit organizations. MP’s HR and payroll experts have been helping hundreds of businesses claim their maximum ERC. These funds (sometimes an ERC could be up to $1 million) could mean the difference between shutting down the business or reaching new levels of growth. MP’s HR services experts offer three methods for employers to determine if they are eligible to claim an ERC. Read the article to:
• Find out whether a business that received PPP loans can also claim an ERC
• Learn what revenue losses a business must demonstrate to claim an ERC
• Discover simple questions that could help determine eligibility for an ERC
Read the article.
Making it through the pandemic has been challenging for many small businesses. One comprehensive resource for small businesses (both now and post-pandemic) is the Small Business Administration (SBA). This government organization offers a wide array of small business loans. The SBA also offers technical assistance with everything from starting a business, to maintaining it, to overcoming pandemic challenges, and more. Read the article to:
• Learn about three ways small businesses could receive assistance from the SBA– through the pandemic and beyond
• Find out about SBA loans that are helpful options if it’s been difficult to receive other financing
• Get tips on how to receive free legal and business guidance from experts via the SBA
Read the article.
Employers could get up to $26,000 per employee in an Employee Retention Tax Credit (ERTC). Because it’s a refundable tax credit, some employers are receiving theirs as an advance via a check in the mail. Unfortunately, many organizations are mistakenly assuming they can’t participate in the program. Read the article to:
• Learn the top five myths that employers believe about the ERTC
• Find out if charities and non-profits are eligible to claim an ERC
• Discover if your PPP loans will hurt or diminish your eligibility for an ERTC
Read the article.