What is Employee Retention Tax Credit
And how does it work?
In order to provide economic relief to businesses and individuals during the Coronavirus pandemic, the CARES (Coronavirus Aid, Relief and Economic Security) Act was signed into law in March 2020. This $200 billion stimulus package makes funding available to small companies, which can be used to allow certain employers who retain employees during the crisis, to claim a tax credit. This tax credit is known as the Employee Retention Credit
EMPLOYEE RETENTION CREDIT
The ERC allows eligible employers to claim a credit against 50% of wages paid per quar- ter, up to $10,000 per employee annually, for wages paid between March 13, 2020 – December 31, 2020. The maximum credit is $5,000 per employee. In December of 2020, under the Covid-19 Relief Package, the ERC was extended from January 1, 2021 – September 30, 2021. This extension allows eligible employers to claim a credit against 70% of wages paid per quarter, up to $10,000 per employee, with a maximum allowable credit of $26,000 per employee.
WHICH BUSINESSES QUALIFY & HOW?
There are 2 ways that a business can qualify for ERC:
1) Full or partial suspension of business operations as a result of
government order or,
2) a significant decline in revenue compared to the same
quarter in 2019. The decline in revenue is defined as equal to or greater than 50% for
2020 and equal to or greater than 20% for 2021.
HOW DO ELIGIBLE EMPLOYERS OBTAIN THEIR ERC & ARE THERE RESTRICTIONS?
American Incentive Advisors (AIA) will review the relevant financial records to calculate the dollar amount of the eligible employer’s expected credit. AIA will then complete and file the relevant IRS forms for the employer and retain all necessary documentation. Unlike the PPP loans, there are no restrictions or guidelines as to how you use this money. You could pay bills, buy inventory, throw a company outing, or give out bonuses. The check goes directly to the company.
Bonus Incentive
Easy Bonus Incentive. Download and Complete this application form [CLICK HERE].
Then scan and email the application form to AIA.Consultant.USA@gmail.com
I will personally review it. Upon qualification, I will forward
the required documents to AIA for processing. I will send you A Resort Getaway offer
that is valid for a one-week condominium stay in your choice of over 85 resort destinations.
This is my way of saying thank you.
No Up Front Cost !!!
There is no upfront cost to you. We will do all the application work for you. And you pay absolutely nothing if you don't get a check. But if you do get a check, we ask for a small percentage. This way you know, we are motivated by your success or we get nothing. AIA is a licensed and bonded CPA firm that specializes in ERTC.
American Incentive Advisors - A.I.A.
American Incentive Advisors specialize in maximizing ERTC for Small Businesses. AIA makes getting your Employee Retention Credits look Easy.
ERTC is a refundable payroll tax credit program. And we evaluate your claim in every way possible to ensure we maximize your credit.
The Employee Retention Tax Credit (ERTC) was created by Congress to help employers affected by Covid-19.
Crediting Up to $5k per employee for 2020 and Up to $21k per employee for 2021.
The Employee Retention Tax Credit or ERTC, is a stimulus program designed to assist those businesses that were able to retain their employees during this challenging time.
Due to the extremely complex tax codes and qualifications, it is severely underutilized.
Some program details are:
1.) UP TO $26,000 PER EMPLOYEE
2.) AVAILABLE FOR 2020 & Q1 - Q3 2021
3.) QUALIFY WITH DECREASED REVENUE OR COVID EVENT
4.) NO LIMIT ON FUNDING (ERTC IS NOT A LOAN)
5.) ERTC IS A REFUNDABLE TAX CREDIT
We are Recovering Employee Retention Tax Credits In All 50 States!
AIA has secured over One Billion Dollars in ERTC for small businesses in 2022.
Let Us Help You Next !!! Complete the Application Form.
Contact Us
Gerry Adams, AIA Consultant