What is the Employee Retention Credit (ERC)?

A stimulus program called ERC was created to assist companies who were able to keep their staff members throughout the Covid-19 outbreak.

It is a refundable tax credit that you can apply for your company; it is not a loan as defined by the CARES Act. Both small and medium-sized firms can use the ERC. It is based on the healthcare benefits provided to employees and on eligible earnings.

Does my business qualify for ERC?

Your company must have suffered a negative effect in one of the following areas to be eligible:

Revenue Reduction
Full Shutdown
Partial Shutdown
Interrupted Operations
Supply Chain Interruptions
Inability to Access Equipment
Limited Capacity to Operate
Reduction in Services or Goods Offered to Your Customer
Cut Down on Your Hours of Operation
Inability to Work With Your Vendors
Shifting Hours to Increase the Sanitation of Your Facility

View your State and Local Government COVID-19 Shutdown Orders

Since shutdown orders are used to determine eligibility for ERC, so we've compiled a state-by-state list for your convenience. Please be advised that this site is intended for informational purposes only and in no way represents legal or accounting advice.

Why Choose CPA Refunds?

Recently the ERC program underwent new changes and has updated guidelines, including how to determine qualified wages, which employees are eligible, and more. This is why you need a team licensed CPA tax filers who are committed to 100% IRS compliance and submitting the RIGHT claim.

Peace Of Mind: Your ERC credit will be filed with licensed CPA who is an expert in this tax credit.

Maximum Funding: We thoroughly assess your claim to make sure we optimize your credit.

Lightning Fast Results: Our simplified procedures enable quicker outcomes, which translates into quicker funding.

Frequently Asked Questions

Do I have to repay the ERC Credit?

No. This is not a loan. It's a refundable tax credit. When we file your ERC claim we request a refund check for you.

How much do you charge?

Our service charge is based on a percentage of the credit recovered. We calculate and provide our fee with our free analysis. Since we are typically able to recover 10-20% more than someone less familiar with the program, our fee is very affordable.

Can I get ERC Funds if I already took the PPP?

Yes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, modified the ERC credit rules. One of the modifications included allowing a company to have a PPP loan and still take advantage of the ERC credit. However, you can’t use the same dollar for dollar funds. We take this into account when processing your ERC credit

My revenue went up in 2020, can I still qualify for the ERC program?

Yes! There are two possible qualifications for 2020: revenue reduction, or a “full or partial shutdown of your business due to COVID-19”. Specifically the IRS describes this as “A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings.” Below are several examples of qualifying events:

Example 1: A restaurant must close or limit its on-site dining. Such as having to close down every other table, due to COVID-19 restrictions.

Example 2: A business that needs to meet with clients in person and has to cancel meetings due to COVID-19 restrictions.

Example 3: A business has to reduce their operating hours because COVID-19 restrictions and cleaning requirements.

Example 4: A business had delayed production timelines caused by supply chain disruptions.

Example 5: A business with a planned event has to cancel that event, or restrict the amount of people who can attend due to COVID-19 restrictions.

Have Questions About the ERC Claim?
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How Much Can I Receive?

Employee Retention Tax Specialists