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Effective URL: https://erc.bottomlinesavings.com/v2/?RR_WCID=9F28ADED-E9AD-4398-ABEF-1AA13A43C34D&RR_WCID_TTL=396&REFERRALCODE=BORISSTOYA43
Submission: On August 02 via manual from MX — Scanned from DE
Effective URL: https://erc.bottomlinesavings.com/v2/?RR_WCID=9F28ADED-E9AD-4398-ABEF-1AA13A43C34D&RR_WCID_TTL=396&REFERRALCODE=BORISSTOYA43
Submission: On August 02 via manual from MX — Scanned from DE
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Skip to content Open toolbar Accessibility Tools Accessibility Tools * Increase TextIncrease Text * Decrease TextDecrease Text * GrayscaleGrayscale * High ContrastHigh Contrast * Negative ContrastNegative Contrast * Light BackgroundLight Background * Links UnderlineLinks Underline * Readable FontReadable Font * Reset Reset Skip to main content TIME LEFT TO APPLY: 8 Months 16 Days 1 Hours Get Started Get Started Skip to main content TIME LEFT TO APPLY: Get Started Get Started HELPING AMERICAN BUSINESSES REINVEST IN THEMSELVES. CLAIM YOUR COVID PAYROLL REFUND * Up to $26,000 per employee * Qualify with a Revenue Decline or a Full/ Partial Suspension of Operations due to Governmental Orders * You can receive refunds even if you received PPP * No upfront fees. Qualify Now Qualify Now TIME IS RUNNING OUT | 2020 DEADLINE APRIL 15, 2024 TIME LEFT TO APPLY: 8 Months 16 Days 1 Hours SOME OF OUR LONG-STANDING CUSTOMERS 01. ERC EXPLAINED ERC is a government stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic. Established by the CARES Act, it is a refundable tax credit – that you can claim for your business. Play Video 02. DETERMINE YOUR ELIGIBILITY MANY BUSINESSES LIKE YOURS WERE IMPACTED BY COVID AND MAY QUALIFY. CHANGE IN BUSINESS HOURS SUPPLY CHAIN OR VENDOR INTERRUPTIONS REDUCTION IN SERVICES OFFERED REDUCTION IN WORKFORCE OR EMPLOYEE WORKLOADS LACK OF TRAVEL AND GROUP MEETINGS ... AND MORE THEN YOU MAY QUALIFY FOR UP TO $26,000 PER EMPLOYEE. Get Qualified Now Get Qualified Now HEAR WHAT SOME OF OUR ERC CLIENTS ARE SAYING... Bottom Line Concepts was very helpful in simplifying the ERC application process and worked with us every step of the way. Their expertise and skillful handling of the paperwork was particularly helpful for my small business, which suffered tremendous hardship due to the COVID-19 pandemic. Because of Bottom Line’s diligent work, we received money that we’ll be able to invest into capital improvements for our two stores. Richard J. DeCesare, Franchise Owner I was introduced to an ERC advisor at BottomLine Concepts very early in the span of the Employee Retention Credit program. Very little was known about this Federal program within my franchise, but from our first meeting with their ERC team, they were incredibly knowledgeable and patient with our extensive internal review process. We spoke with Client Relations, Accounting, Legal, and even the CEO of the company, all of whom were extremely helpful in explaining all of the details. We appreciate their educating us about this public aid. Barry Goodman, Regional Developer I was referred to Bottom Line Concepts through a friend who had previously used their services and was very satisfied with the results. Prior to engaging with Bottom Line, I was working with another firm that promised massive returns, but they seemed inexperienced with our type of business and it created a frustrating process. I then met with members of Bottom Line’s ERC team, who promised top-notch service and assured us the paperwork needed to claim our ERC grant would be done diligently and correctly. They delivered on all their promises, working efficiently to help us get the results we needed. I would highly recommend them to anyone trying to navigate a complex government program. Mike Tozier, Chief Financial Officer I have to admit I was skeptical that we would qualify for anything at first. Everything I had read about ERC said that if we stayed open or had an increase in gross receipts during COVID, then we would not be eligible to receive a refund. After connecting with Melanie from Bottom Line Concepts and answering some of her questions, she said that we could potentially qualify for ERC and we started the application process. The application process was fast and simple. The Bottom Line Concepts team were thorough and helped facilitate the process every step of the way. The turnaround from application to submitting to the IRS was much faster than I anticipated, and the additional funds came at the perfect time as we look to expand our warehouse and production facilities. Thank you Bottom Line Concepts for making the process so simple. If you are hesitant about applying, I urge you to do so. It costs nothing, and you may be pleasantly surprised to find you that you do qualify. Jen Santos, Vice President Working with Bottom Line Concepts was a great experience! Once all the paperwork was completed, the process went faster than expected, and we received our money in a timely manner! Thank you Bottom Line Concepts! DeAnna Davis Our company engaged BottomLine Concepts in the spring of 2023 for assistance with the Employee Retention Credit program available for qualified businesses. They were informative about the different requirements and regulations, and they helped our team understand the process from start to finish. We highly recommend Bottom Line Concepts for their assistance with the ERC program as it can be a complicated process to navigate without specialized expertise. Their ERC team was able to help us recover a healthy refund in accordance with the program, which has been a huge help to our operations. William Koehler, Jr., Owner Bottom Line Concepts was very helpful in simplifying the ERC application process and worked with us every step of the way. Their expertise and skillful handling of the paperwork was particularly helpful for my small business, which suffered tremendous hardship due to the COVID-19 pandemic. Because of Bottom Line’s diligent work, we received money that we’ll be able to invest into capital improvements for our two stores. Richard J. DeCesare, Franchise Owner I was introduced to an ERC advisor at BottomLine Concepts very early in the span of the Employee Retention Credit program. Very little was known about this Federal program within my franchise, but from our first meeting with their ERC team, they were incredibly knowledgeable and patient with our extensive internal review process. We spoke with Client Relations, Accounting, Legal, and even the CEO of the company, all of whom were extremely helpful in explaining all of the details. We appreciate their educating us about this public aid. Barry Goodman, Regional Developer I was referred to Bottom Line Concepts through a friend who had previously used their services and was very satisfied with the results. Prior to engaging with Bottom Line, I was working with another firm that promised massive returns, but they seemed inexperienced with our type of business and it created a frustrating process. I then met with members of Bottom Line’s ERC team, who promised top-notch service and assured us the paperwork needed to claim our ERC grant would be done diligently and correctly. They delivered on all their promises, working efficiently to help us get the results we needed. I would highly recommend them to anyone trying to navigate a complex government program. Mike Tozier, Chief Financial Officer I have to admit I was skeptical that we would qualify for anything at first. Everything I had read about ERC said that if we stayed open or had an increase in gross receipts during COVID, then we would not be eligible to receive a refund. After connecting with Melanie from Bottom Line Concepts and answering some of her questions, she said that we could potentially qualify for ERC and we started the application process. The application process was fast and simple. The Bottom Line Concepts team were thorough and helped facilitate the process every step of the way. The turnaround from application to submitting to the IRS was much faster than I anticipated, and the additional funds came at the perfect time as we look to expand our warehouse and production facilities. Thank you Bottom Line Concepts for making the process so simple. If you are hesitant about applying, I urge you to do so. It costs nothing, and you may be pleasantly surprised to find you that you do qualify. Jen Santos, Vice President Working with Bottom Line Concepts was a great experience! Once all the paperwork was completed, the process went faster than expected, and we received our money in a timely manner! Thank you Bottom Line Concepts! DeAnna Davis Our company engaged BottomLine Concepts in the spring of 2023 for assistance with the Employee Retention Credit program available for qualified businesses. They were informative about the different requirements and regulations, and they helped our team understand the process from start to finish. We highly recommend Bottom Line Concepts for their assistance with the ERC program as it can be a complicated process to navigate without specialized expertise. Their ERC team was able to help us recover a healthy refund in accordance with the program, which has been a huge help to our operations. William Koehler, Jr., Owner Bottom Line Concepts was very helpful in simplifying the ERC application process and worked with us every step of the way. Their expertise and skillful handling of the paperwork was particularly helpful for my small business, which suffered tremendous hardship due to the COVID-19 pandemic. Because of Bottom Line’s diligent work, we received money that we’ll be able to invest into capital improvements for our two stores. Richard J. DeCesare, Franchise Owner HOW IT WORKS SEE IF YOU QUALIFY EVALUATION REGARDING YOUR ELIGIBILITY FILE CLAIM WE ANALYZE YOUR CLAIM AND SUBMIT THE PAPERWORK ON YOUR BEHALF GET YOUR MONEY RECEIVE UP TO $26,000 PER EMPLOYEE THAT YOU DON’T HAVE TO PAY BACK TO THE IRS TRUSTED BY: 20% OF THE TOP 100 LAW FIRMS 30% OF THE TOP 100 ACCOUNTING FIRMS 10% OF FORTUNE 1000 COMPANIES HELPING AMERICAN BUSINESSES REINVEST IN THEMSELVES THIS PROGRAM WILL END SOON! Do I qualify? Do I qualify? “Bottom Line Concepts opened our eyes to creative solutions we never could have envisioned on our own.” Mark W. Goldberg, CFO FREQUENTLY ASKED QUESTIONS Apply Now Apply Now Can I apply for ERC if I'm self-employed? No. Only W-2 employee wages can be claimed, and you cannot claim your own wages as a majority owner even if you are on a W-2 wage. Can I apply for ERC if I have 1099 employees? No. Only W-2 employee wages can be claimed for the credit. Can I apply for ERC if I have family on payroll? Yes! You can apply for ERC, but you may not claim ERC on wages paid to family members of majority owners. This includes immediate family plus in-laws, aunts, uncles, and cousins. Can I get ERC if my business revenue went up? Yes! Your business will be able to qualify for ERC if you had a full or partial suspension of operations. What are qualified wages for ERC? The Employee Retention Credit (ERC) uses qualified wages as the basis for its calculation, which covers any wages paid that are subject to FICA taxes. These qualified wages can include various types of compensation, such as salaries, hourly wages, vacation pay, and certain health plan expenses, among others. WHAT TIME PERIOD DOES THE ERC PROGRAM COVER? The ERC program covers eligible wages paid to W-2 employees from March 13th, 2020 through September 30th, 2021 for eligible employers. WHAT IS THE EMPLOYEE RETENTION CREDIT? The employee retention credit (ERC) is a refundable payroll tax credit that was put into law through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The ERC is for businesses that continued to pay employees while shut down due to COVID -19 restrictions or had significant decline in gross receipts from March 13, 2020 to September 30, 2021. This credit offsets employment taxes paid by an employer to offer relief from the COVID-19 pandemic. WHEN DOES THE ERC PROGRAM END? The deadline for claiming the ERC for eligible quarters in 2020 is April 15, 2024. The deadline for claiming the ERC for eligible quarters in 2021 is April 15, 2025. HOW DO I RECEIVE MY ERC REFUND? The ERC will be issued in the form of a cash refund that you will receive in the mail from the IRS. The IRS will send checks based on qualifying quarters. You may receivce several checks (e.g., one check per quarter). The IRS reserves the right to use funds as a credit towards back taxes. DO I HAVE TO REFILE MY INCOME TAXES RETURN IF I APPLY FOR ERC? “Yes, you will need to refile your income tax returns. The IRS has indicated your company’s wage expense (deduction) on their income tax return must be reduced by the amount of the ERC for the applicable tax year (2020 or 2021). You will need to file an amended federal and state income tax return for the taxable year of the credit to correct any overstated wage deduction. Note: Any interest paid to you by the IRS would have to be reported on your income tax filing.” WHY DID THE IRS ISSUE A WARNING ABOUT 3RD PARTY PROCESSING COMPANIES? The IRS issued these warnings, as there are many fly-by-night, so-called ERC “experts” or “consultants” that are misrepresenting their experiences and the parameters of the ERC program to employers. The ERC is a complicated tax program that requires deep expertise and understand of the nuances. When choosing an ERC company look for companies with a proven real track record and watch out for red flags (e..g, large upfront cost, no CPAs or tax professionals on staff) HOW LONG DOES THE IRS HAVE TO AUDIT MY ERC? “The IRS Audit period for ERC is: 3 years for 2020 and Q1,Q2 of 2021 5 years for Q3 of 2021 “ HOW LONG WILL IT TAKE TO RECEIVE MY REFUND? While the timeline may vary based on the IRS workload, we are seeing clients receive refunds within a 4-10 month timeframe from filing. The timeline may vary as the IRS’s process varies. HOW MUCH ERC CAN I CLAIM PER ELIGIBLE EMPLOYEE? The Employee Retention Credit (ERC) allows employers to claim a maximum credit amount of $26,000 per employee. For the tax year 2020, employers can claim up to 50% of qualified wages per employee, with a maximum credit of $5,000 per employee for the entire year. In contrast, for the tax year 2021, employers can claim up to 70% of qualified wages per employee per quarter, with a maximum credit of $21,000 per employee for the year. However, it’s worth noting that most businesses will only be eligible to claim qualified wages for Q1 through Q3 of 2021. ARE THERE ANY RESTRICTIONS ON HOW I CAN SPEND MY ERC REFUND? Unlike a loan or other form of business funding, the Employee Retention Credit (ERC) is a fully refundable tax credit that does not come with limitations on how it can be spent. As a result, businesses that qualify for the ERC can choose to spend their refund in any way they see fit. WILL I HAVE TO REPAY THE ERC? No, unlike a loan, this credit does not have to be repaid. If audited the IRS has the right to claw back the funds. DOES MY BUSINESS QUALIFY IF WE'VE ALREADY RECEIVED PPP? Yes. Under the Consolidated Appropriations Act (CAA), businesses can qualify for the ERC even if they already received a PPP loan. Employers are allowed to claim ERC on wages that were not paid with the proceeds of a PPP loan. It is important to note that you can’t use wages to calculate ERC that were used to qualify for PPP loan forgiveness. This is known as “double dipping” and is not permitted by the IRS. CAN MY BUSINESS QUALIFY WITH A DECLINE IN GROSS RECEIPTS? “Yes, your business qualifies for the ERC with a drop in revenue if it had a significant decline in gross receipts. The meaning of a significant decline in gross receipts differs between 2020 and 2021. In 2020, a significant decline is defined as a 50% decrease compared to the same calendar quarter in 2019. In 2021, a significant decline is defined as a 20% decrease compared to the same calendar quarter in 2019.” HOW DO I QUALIFY FOR ERC? “To qualify for the ERC, an employer must meet one of the following requirements: A significant decline in gross receipts for any eligible quarter in 2020 or 2021- defined as a 50% reduction in revenue during any quarter in 2020 compared to the same quarter in 2019, or a 20% reduction in revenue in any quarter of 2021 compared to the same quarter in 2019. A full or partial suspension of operations – due to orders from the federal government, or a state government having jurisdiction over the employer, limiting commerce, travel, or group meetings related to COVID-19. “ OUR VALUED PARTNERS DON’T WAIT, THIS PROGRAM WILL END SOON! LET’S GET STARTED TODAY. Get Qualified Now SET LANGUAGE Powered by Google Übersetzer Privacy Policy Copyright © 2023 Bottom Line Concepts · All rights reserved. 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