FREE VIDEO REVEALS: How Small Businesses
Are Receiving Up To $26,000 Per Employee
With the Employee Retention Credit (ERC).

The ERC, or Employee Retention Credit, is a refundable tax credit that your business can claim. It was introduced through the CARES Act. It's available to small and mid-sized businesses and is designed to help companies that were able to keep their workers employed during Covid-19. It's based on healthcare paid to employees and qualified wages. Click here to see if you qualify →

The Employee Retention (ERC) Tax Credit is available to businesses who have experienced a partial or full suspension of business operations due to COVID, or who have seen a gross receipts reduction. The criteria for qualification vary depending on the year but are measured against the current quarter's gross receipts as compared to 2019 pre-COVID amounts. To qualify, businesses must complete an application and receive certification from a government authority. Click here to see if you qualify →

To take advantage of the ERC credit, you need to report your qualified wages and health insurance costs on your quarterly employment tax return. You can do this using form 941. If you have already filed your employment tax return, you can file an amended return using form 941-X. Click here to see if you qualify →

The IRS previously estimated that refunds would take between six weeks and six months to process, given that revised payroll reports were filed. However, you can now expect a nine to twelve-month turnaround time for a refund. Click here to see if you qualify →

Yes, the Employee Retention Credit (ERC) is also referred to as the Employee Retention Credit Tax (ERTC). Click here to see if you qualify →

Employers that retained employees during 2021 may be eligible for a tax credit worth up to $7,000 per employee per quarter. This credit can be applied against the employer's share of certain payroll taxes. The total credit available is $28,000 a year per employee. Click here to see if you qualify →

No, there's no need to repay the ERC, as it's a refundable tax credit that employers can claim against some employment taxes. It's not a loan and doesn't have to be repaid. Click here to see if you qualify →

70% of wages that qualify can be claimed by employers who qualify for the credit. Qualified wages for the ERC are $10,000 for each employee per quarter. This means employers could claim $7,000 each quarter for each employee which equates to $21,000 for the year 2021. A recovery startup business is still eligible to claim the ERC until the year's end. And for the 2021 third and fourth quarters, they may be able to take up to a $50,000 credit. Click here to see if you qualify →

Businesses that have already received a Paycheck Protection Program (PPP) loan can still qualify for the Employee Retention Credit (ERC) offered by the government. The ERC will only apply to wages not used for the PPP loan. Businesses cannot file ERC and PPP in the same tax year, and employee wages claimed under PPP forgiveness cannot be included in ERC. The Employee Retention Credit is not available to employers who received a Small Business Interruption Loan under the PPP. Click here to see if you qualify →

Employers fill out Form 7200 and can take immediate advantage of these advance payments to receive these credits which are in excess of payroll taxes. In the event that these credits still exceed the employer's total payroll tax liability, the IRS has designed a process for expediting the refund. This will allow employers to access these funds before the quarter-end. Click here to see if you qualify →

There is still time to take advantage of the ERTC if your business is eligible. Even if you didn’t previously file for the credit, you may file retroactively for your refund. To do so, you must submit a Claim for Refund or an Adjusted Employer’s Quarterly Federal Tax Return using Form 941-X. Click here to see if you qualify →

The refund lowers the payroll taxes for the period it covers. The interest received from the IRS on the credit is considered taxable income in the period it is received. Any commission paid to BottomLine Concepts is tax deductible as it's a professional fee expense. Click here to see if you qualify →

If your business qualifies for the ERTC, there is still time to take advantage of it. It is possible to apply retroactively for your refund even if you did not previously file for the credit. Use Form 941-X to submit a Claim for Refund or Adjusted Employer's Quarterly Federal Tax Return. Click here to see if you qualify →

For eligible employers, the ERC program began on March 13th, 2020, and ended on September 30th, 2021. However, you can still apply for refunds in 2022 and into 2023. Potentially beyond that as well. Click here to see if you qualify →

IRS ERC Extension Info

IRS ERC Eligibility

IRS PPP & ERC

Infrastructure Bill

Click here to see if you qualify →