Receive up to $26,000
per employee
from the
Employee Retention Credit Program

Employee Retention Credit Program (ERC)

_________________

The Employee Retention Credit Program under the CARES Act encouraged businesses to keep employees on their payroll.

What is ERC Program?

ERC is a generous IRS stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic and those challenging times.

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 business disruption
Most companies qualify due to business disruption
ERC is a return of taxes paid during the pandemic ( a refundable tax credit)

ERC has been very lucrative to many small and mid-sized businesses across the country.

IRS-ERC is a subsidiary of International Spectrum Consulting LLC (ISC). We have built a partnership with Bottom Lines Savings, the number one underwriter in the U.S. for ERC applications.

Who qualifies?

90% of businesses qualify for the ERC, and since recently public funded colleges and universities also qualify

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

1/ FULL OR PARTIAL SUSPENSION OF BUSINESS OPERATIONS
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.
2/ GROSS RECEIPTS REDUCTION
Gross receipt reduction criteria are diﬀerent for 2020 and 2021 but are measured against the current quarter as compared to 2019 pre-COVID amounts.
REMARKS:

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

There is no need for a revenue decline to qualify, in fact many businesses had a revenue increase and still qualified. For more information read our FAQ.

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.

So for the 2020-2021 period you may receive up to $26,000 per employee. By experience we know that the average is about $10,000 per employee.

Why us ?

We can help you through the myriad of complexities that may pertain to your company’s unique situation such as the following:
• Program benefits to both small and large employers
• Eligibility requirements by Revenues or Governmental orders for past and future quarters
• Aggregation affiliation rules
• International nuances
• Treatment of furloughed employees and employees paid while not working
• Eligible costs besides wages such as employer paid healthcare & pension contributions
• Full or partial eligibility of Program benefits for the duration or part of the Program’s 21 months
• What constitutes a Recovery Startup Business and its benefits under the Program
• Rules governing Part Time employees
• Nuances of Union and Non-Union situations
• Multi-state companies sort through multiple Governor’s Executive Orders impact on eligibility
• Analyzing the mathematical sweet spot to maximize both PPP forgiveness and ERC credits
• Demystifying FAQs from the IRS

Our services include :

• Thorough evaluation regarding your eligibility
• Comprehensive analysis of your claim
• Guidance on the claiming process and documentation
• Specific program expertise that a regular CPA or payroll processor might not be well-versed in
• Fast and smooth end-to-end process, from eligibility to claiming and receiving refunds

We have secured refunds for our clients ranging from $100k to $10M.
We have processed over 14,000 claims and have secured over $2.5 billion in funds for our clients.

The ERC underwent several changes and has many technical details, including how to determine qualified wages, which employees are eligible, and more.

Your business’ specific case might require more intensive review and analysis.

The program is complex and might leave you or your accountant with many unanswered questions and hesitations.

We can help make sense of it all. Our dedicated experts will guide you and outline the steps you need to take so you can maximize the claim for your business.