Only 50% know they may qualify for an IRS tax refund of up to $26k per employee
See If You Qualify Today...
The Deadline Is Approaching - Don't Miss It.
Does your business qualify for the Employee Retention Credit?
For 2020 or 2021 do any of the below apply?
Restricted from operating at normal capacity?
Decline in Revenue or Gross Receipts compared to 2019?
Required to close or reduce operations?
Customers not able to buy your goods or services?
If Yes to ANY of the Questions Above
You Likely Qualify
Pay W2 Employees
in 2020 or 2021?
The Employee Retention Credit (ERC) is a payroll tax refund. It was passed by Congress via the CARES Act to provide financial support to businesses that held-on-tight and fought-like-hell during the early years of Covid-19.
Simply put, you employed people when a lot of companies could not.
ERC is the Government's way of saying, "THANK YOU."
Any Industry. Big or Small.
› FOOD & BEVERAGE
› NAIL/HAIR SALON
› MED SPA
› HEALTH & FITNESS
› ADMIN & HR
› SALES & RECRUITING
› REAL ESTATE
We Know Numbers & Law. We Know ERC. We Fight for YOU.
All questions get answered by both parties, then an expert best fit to handle your unique specifics gets assigned.
This pro requests additional info and details to achieve optimal results.
Gets to Work
Now armed with the particulars, numbers are crunched and circumstances get evaluated.
Our success is your success, so we don't rest until every scenario is examined.
The team prepares the required IRS documentation and provides white-glove service to file with comfort and security.
Processing time can vary, but when approved, they pay you, and in turn, you pay us.
Frequently Asked Questions
What is the Employee Retention Credit? (ERC)The Employee Retention Credit (ERC) is a refundable tax credit created under the terms of the CARES Act that rewards employers with up to $26,000 for every employee retained during the Coronavirus pandemic. The ERC program is part of the greater pandemic relief fund that helps provide financial support for struggling business owners following the outbreak of Covid-19.
Who is eligible for the Employee Retention Credit?To qualify for the Employee Retention Credit under the CARES Act, businesses were required to meet one of the following conditions: Experienced a full or partial suspension of business operations due to a government order. Suffered a decline in revenue of in 2020 and/or in 2021, when compared to the same quarter in 2019.
Can Freelancers Receive Employment Retention Credit (ERC)?Unfortunately, self-employed freelancers and the owners of LLCs do not qualify as full-time employees for receiving a Social Security benefit. That said, if your company is structured as an S-Corp or C-Corp, you may become eligible if you are on the payroll.
How long is my refund expected to be?When dealing with the government, it is hard to put an exact number on processing times. As of 2023, the IRS refund timeline averages between 4-6 months. (certain refunds can take up to 12 months) Some clients receive partial payments paid out quarterly, while others receive a lump sum payment. Every situation is different. We know that time is literally money, so we take every step and precaution to decrease processing times.
Can I qualify for ERC if I have already received PPP?Yes, qualifying for the Employee Retention Credit (ERC) is possible even if you have already received a Paycheck Protection Program (PPP) loan. The CARES Act initially did not allow businesses to claim the ERC and PPP loan, but recent stimulus legislation has made it possible for businesses to benefit from both programs. Under the CAA, businesses that have obtained PPP loans are now qualified for the credit if they meet one of the following: Having operations that were fully or completely shut down or partially suspended due to a COVID-19-related government mandate. Showing a decline in total income where any calendar quarter in 2021 has total income which is less than 80% of the total income for the same calendar quarter in 2019. Furthermore, for the 2021 ERC only, employers can determine their eligibility by comparing their total income from the preceding calendar quarter to the corresponding quarter in 2019. For example, an employer could determine eligibility for the first quarter of 2021 by comparing its total income for the fourth quarter of 2020 to the fourth quarter of 2019.
Can Nonprofits qualify for Employee Retention Credit (ERC)?Yes, nonprofit organizations are also eligible for the Employee Retention Credit. This includes organizations such as hospitals, schools, museums, performing arts centers, and churches, among others, as long as they meet the eligibility requirements for the credit.
Which employees are considered eligible for payment?For businesses with payroll W2 staff members, regardless of if they are delivering services during the allotted period, are taken into account for qualification.
Can the Employee Retention Credit be applied to the employer portion of the payroll taxes?Yes, eligible employers can elect to apply the Employee Retention Credit (ERC) to the employer portion of their payroll taxes. This is done by reducing the payroll taxes deposited with the IRS. The credit can be applied to the employer's share of Social Security taxes up to the amount of the credit. This can help the employer with cash flow and can be applied to the deposit and/or payment of taxes.
How can we help?At OnPoint ERC, we understand the importance of maximizing your credits and minimizing your audit risk regarding the Employee Retention Credit. Our team and partners can help navigate the technical rules to ensure that you take full advantage of the credits available, even if you've been told NO by others.
What is your charge, and when do we have to pay it?There's zero commitment to pay for our refund analysis before getting started. Once we begin recovering your business refunds, our charge is % of your return amount, with no hidden fees. Basically, you get legal and accounting counsel at your beck-and-call and you don't pay a dime until the government pays you. If no payments from Uncle Same, no payment to us!
Do I have to return the money?The ERC program puts money back into the pockets of business owners without the need to pay anything back. ERC is NOT a loan. This is the government's way of saying "thanks for keeping the economy moving during Covid's toughest years."