refundyourtaxes.com Open in urlscan Pro
160.153.136.3  Public Scan

Form analysis
0 forms found in the DOM

Text Content

REFUNDYOURTAXES

RefundyourtaxesRefundyourtaxesRefundyourtaxes
 * Home
 * Contact Us
 * Blog
 * More
   * Home
   * Contact Us
   * Blog

 * Sign In
 * Create Account

 * --------------------------------------------------------------------------------

 * Bookings
 * My Account

 * Signed in as:

 * filler@godaddy.com

 * --------------------------------------------------------------------------------

 * Bookings
 * My Account

 * Sign out


REFUNDYOURTAXES

RefundyourtaxesRefundyourtaxesRefundyourtaxes


Signed in as:

filler@godaddy.com

 * Home
 * Contact Us
 * Blog

Account

 * --------------------------------------------------------------------------------

 * Bookings
 * My Account

 * Sign out

 * --------------------------------------------------------------------------------

 * Sign In
 * Bookings
 * My Account

Get started with a free consultation!

Book Today


EMPLOYEE RETENTION CREDIT


WHAT I NEED TO KNOW TO REFUND MY BUSINESS TAXES

ABOUT THE ERC PROGRAM

 What is the Employee Retention Credit (ERC)?

ERC IS A 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 – A GRANT, NOT A LOAN – THAT YOU CAN CLAIM
FOR YOUR BUSINESS. THE ERC IS AVAILABLE TO BOTH SMALL AND MID-SIZED BUSINESSES.
IT IS BASED ON QUALIFIED WAGES AND HEALTHCARE PAID TO EMPLOYEES.









 * Up to $26,000 per employee
 * Available for 2020 and the first 3 quarters of 2021
 * Qualify with decreased revenue or COVID event
 * No limit on funding
 * ERC is a refundable tax credit









How much money can you get back?

You can claim up to $5,000 per employee for 2020. For 2021, the credit can be up
to $7,000 per employee per quarter.







HOW DO YOU KNOW IF YOUR BUSINESS IS ELIGIBLE?

To qualify, your business must have been negatively impacted in either of the
following ways:



 * 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.
 * Gross receipt reduction criteria is different for 2020 and 2021, but is
   measured against the current quarter as compared to 2019 pre-COVID amounts.
 * A business can be eligible for one quarter and not another.
 * Initially, under the CARES Act of 2020, businesses were not able to qualify
   for the ERC if they had already received a Paycheck Protection Program (PPP)
   loan. With new legislation in 2021, employers are now eligible for both
   programs. The ERC, though, cannot apply to the same wages as the ones for
   PPP.




COMMON QUESTIONS & ANSWERS





Copyright © 2022 Refundyourtaxes - All Rights Reserved.

Powered by GoDaddy

THIS WEBSITE USES COOKIES.

We use cookies to analyze website traffic and optimize your website experience.
By accepting our use of cookies, your data will be aggregated with all other
user data.

Accept