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  • Startup Businesses - ERC

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    Craig Pisaris-Henderson
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    The document discusses the Employee Retention Credit (ERC), a tax credit for businesses that kept employees on payroll during COVID-19. Startup businesses that were impacted by COVID restrictions and have W2 employees may qualify if they began operations after February 15, 2020, employed at least one non-owner employee, and had annual gross receipts under $1 million. The credit equals 70% of qualified wages up to $10,000 per employee per quarter, with a maximum of $50,000 per quarter for the last two quarters of 2021. By claiming this credit, an eligible startup business with 8 employees could receive a $100,000 tax credit. The Economic Recovery Center can help businesses determine their eligibility and claim the maximum

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    Secure your position for the Employee Retention Tax Credit! ERTC - ERC

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    The document discusses the Employee Retention Credit (ERC), a tax credit for businesses that kept employees on payroll during COVID-19. Startup businesses that were impacted by COVID restrictions and have W2 employees may qualify if they began operations after February 15, 2020, employed at least one non-owner employee, and had annual gross receipts under $1 million. The credit equals 70% of qualified wages up to $10,000 per employee per quarter, with a maximum of $50,000 per quarter for the last two quarters of 2021. By claiming this credit, an eligible startup business with 8 employees could receive a $100,000 tax credit. The Economic Recovery Center can help businesses determine their eligibility and claim the maximum

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    © All Rights Reserved
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    10 views1 page

    Startup Businesses - ERC

    Uploaded by

    Craig Pisaris-Henderson
    The document discusses the Employee Retention Credit (ERC), a tax credit for businesses that kept employees on payroll during COVID-19. Startup businesses that were impacted by COVID restrictions and have W2 employees may qualify if they began operations after February 15, 2020, employed at least one non-owner employee, and had annual gross receipts under $1 million. The credit equals 70% of qualified wages up to $10,000 per employee per quarter, with a maximum of $50,000 per quarter for the last two quarters of 2021. By claiming this credit, an eligible startup business with 8 employees could receive a $100,000 tax credit. The Economic Recovery Center can help businesses determine their eligibility and claim the maximum

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    STARTUP BUSINESSES

    If you own a startup business, were impacted


    by Covid restrictions, and have W2 employees,
    you are likely eligIble to receive Employee
    Retention Credit (ERC).
    Economic Recovery Center

    www.EconomicRecovery.US

    HOW DO YOU BENEFIT?


    WHAT IT IS This credit, available for recovery startup
    Tax credit for businesses that
    businesses, equals 70% of up to
    kept employees on payroll.
    $10,000 of qualified wages per
    employee, per quarter (capped at
    HOW TO QUALIFY $50,000 per quarter for Q3 and Q4 in
    Did you know that even if you started your 2021). So, if you have 8 employees who
    business after the beginning of the pandemic in
    make at least $40,000 per year, as the
    2020 that you may still be considered eligible to
    receive COVID relief in the form of the Employee
    owner, you may be eligible for the entire
    Retention Credit (ERC)? If your business (e.g., credit of $50,000 per quarter. That’s
    restaurants, fun centers, vending, beauty, retail, $100,000 given back to you in the form
    and fitness industries) began operations after of a check from the IRS for wages
    February 15, 2020, you employed one or more already paid during the last two quarters
    non-related, non-owner W2 employees, and of 2021.
    your annualized gross receipts were less than
    $1,000,000, there is still an opportunity for you
    to qualify for the ERC. HOW CAN WE HELP?
    Here at the Economic Recovery Center, we
    For information about claiming these credits, will diligently and thoroughly research both
    visit https://www.EconomicRecoveryCenter.com
    or from the IRS https://www.irs.gov
    revenue- and mandate-based qualifications
    for all 7 quarters from 2020-2021 in which
    the pandemic may have impacted your
    business. We are here to help you receive
    APPLY FOR YOUR ERC TODAY the maximum ERC for persevering during
    difficult financial times.

    EconomicRecovery.US Support@EconomicRecovery.US Economic Recovery Center

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