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    Nine Important Considerations for Employee Retention Tax Credit Eligibility: Part 2

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    Many employers are unaware of the Employee Retention Tax Credit (ERC or ERTC) or mistakenly assume they don’t qualify. Even employers that received Paycheck Protection Program (PPP) loans are claiming ERCs of thousands of dollars– some are claiming an ERC of $1 million or more. With assistance from HR and payroll experts like MP, the ERC process is simple and takes less than an hour for employers. In part two of this series (read part one here), MP’s HR services experts share four reminders about this substantial financial aid program. Read the article to:

    • Find out how long to keep records of payroll data for an ERC claim
    • Discover how long it takes to recoup ERC funds
    • Learn how PPP loans affect an ERC claim
    • Get tips for reducing the risk of an audit when claiming an ERC

    Read the article.

    Nine Important Considerations for Employee Retention Tax Credit Eligibility: Part 1

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    Businesses across the country– even those that received Paycheck Protection Program (PPP) loans– are claiming Employee Retention Tax Credits (ERC) of thousands of dollars. Many are claiming an ERC of $1 million or more. Unfortunately, many employers are unaware of the ERC or even mistakenly assume that they aren’t eligible. In part one of this series (read part two on Monday, August 30th), MP’s HR and payroll experts outline five key points for employers about this substantial pandemic aid program. Read the article to:

    • Find out how ERC criteria differ from 2020 and 2021—and how eligibility has expanded
    • Uncover what impact “owner restrictions” have on ERC claims
    • Learn how to calculate a revenue loss to qualify for an ERC
    • Discover why a business could still claim an ERC, even if they never fully shut down

    Read the article.

    A Simple Decision Tree to Determine Your Employee Retention Tax Credit (ERC) Eligibility

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    Use this simple tool to determine if your business is eligible for the ERC. Businesses across all verticals have claimed an Employee Retention Tax Credit (ERC or ERTC) of up to $33,000 per employee. Some employers have received ERCs of over $1 million. This program is accessible to many employers (in both the nonprofit and corporate sectors) — even if an organization already received other pandemic aid like PPP loans. Businesses may utilize this decision metric, developed by MP’s HR and payroll experts, to help determine ERC eligibility for a 2020 quarter. (Note, this diagram is provided for informational purposes and doesn’t constitute legal or accounting advice.) Download the diagram to:

    • Determine eligibility for the ERC
    • Find out how an employer’s size affects ERC eligibility
    • Learn how much of a revenue loss employers must demonstrate to claim an ERC
    • Discover how 2020 and 2021 ERC eligibility criteria differ

    The Employee Retention Credit (ERC) Playbook

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    Most businesses with less than 500 employees are eligible for an Employee Retention Tax Credit (ERC or ERTC) of up to $33,000 per employee. Even if a business or nonprofit received pandemic financial aid such as PPP loans, they could still claim credits. MP’s team of HR and payroll experts share how to determine eligibility for this lucrative program and the process for claiming and maximizing funds. Read the eBook to:
    -Find out if you are eligible for the program
    -Learn what industries are frequently successful in claiming ERCs
    -Get tips on what data employers need to claim an ERC
    -Find out how we can assist your business in maximizing credits, while streamlining the process

    ERC Eligibility: 5-Minute Questionnaire

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    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.

    ERC: 3 Ways to Determine Eligibility

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    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.