Employee Retention Credit
Secure up to $26,000 in cash per employee with the Employee Retention Credit
Keeping up with the ever-changing eligibility guidelines and filing requirements can be overwhelming. Leave the heavy lifting to our team of tax incentive experts. Take these time-consuming tasks off your plate :
-
Ensuring your client is matched with the credits and incentives that are most appropriate for their needs
-
Collecting necessary data and documentation and completing complex calculations
-
Create an audit-ready tax incentive package that clearly identifies each key component of the calculation and supporting documentation
Schedule a Meeting With An Expert
Let's Make Life Easier
Since the Employee Retention Credit became available, Alpharesults has worked with companies all over the nation and their CPA firms to apply for the credit.
Since 2021, we have helped over 200 businesses each qualify for an average of $939,000 in tax savings. This isn't a government grant or another PPP loan; this is a way to reduce taxes if you qualify.
The ERC availability is based on the due date of the originally filed 941. For quarters ended before July 1, 2021, it is the original date plus three years. For the 3rd quarter of 2021, it is 5 years after the due date.
Since 2021, we have helped over 200 businesses each qualify for an average of $939,000 in tax savings. This isn't a government grant or another PPP loan; this is a way to reduce taxes if you qualify.
The ERC availability is based on the due date of the originally filed 941. For quarters ended before July 1, 2021, it is the original date plus three years. For the 3rd quarter of 2021, it is 5 years after the due date.
Employee Retention Credit Eligibility Guidelines
The ERC is a refundable credit that businesses can claim on qualified wages paid to employees.
A business may be eligible based on the following guidelines, even if they accepted the PPP loan:
-
Timing: Deadlines are based on the due date of the originally filed 941. For quarters ended before July 1, 2021, it is the original date plus three years. For Q3 2021, it is 5 years after the due date.
-
Experienced a significant decline in gross receipts during a calendar quarter compared to 2019 -OR-
-
Had operations fully or partially suspended due to government orders limiting commerce, travel, or group meetings due to COVID-19.
-
A significant decline in gross receipts for 2020 is defined as a decline of greater than 50% in a calendar quarter in 2020 compared to the same calendar quarter in 2019.
-
For 2021, the definition of a significant decline in gross receipts was modified to be a greater than 20% decline in a calendar quarter in 2021 compared to the same quarter in 2019- we will work with you to find the correct calculation.
-
It is often necessary to aggregate the revenues and employee counts for affiliated and related businesses for qualification purposes.
-
The annual cap on credit amounts has increased from $5,000 per employee in 2020 to $7,000 per employee for each quarter in 2021 for a potential of $26,000 per employee, combined.
Note: This credit is still available even if the employer received the initial $5,000 maximum credit in 2020.
Schedule a Meeting With An Expert
$760,000 secured for a group of hair salon locations
Franchise restaurant received over $807,000
$1.9 Million secured for a hospice care facility