Employee Retention Credit (ERC)
Did you have employees during Covid?
Did your company suffer a loss?
If you have employees and lost money in 2020 and 2021 compared to 2019, then we can determine if you qualify for the Employee Retention Credit.
We have helped clients get hundreds and thousands of dollars back for their businesses.
Set an appointment today, and we can determine if you qualify, inform you of our fees, and then complete the reports for you.
ERC - Frequently Asked Questions
Who qualifies for the ERC tax credit?
The primary ERC eligibility questions to determine if you qualify are:
- Was your business fully or partially shut down due to a governmental order during the COVID pandemic? or
- Did your business’s gross receipts in 2020 or 2021 decline compared to 2019?
- Does your business have 500 or fewer employees?
If you answered yes to these questions, then you may qualify for the ERC. There are many nuances and caveats within the the ERC requirements. Let the experts at McCutchan Advisory Services review your unique situation to determine if you qualify and how much money you are eligible to receive.
Can I still apply and qualify for the ERC tax credit in 2023?
Yes, you may still apply and qualify for the ERC tax credit in 2023 if you meet the eligibility requirements.
How much money is the ERC tax credit worth?
The ERC is worth up to $26,000 per employee and issued as a refund in the form of a grant.
When should I file & how long does it take to receive the funds?
File now to receive the funds before the end of the year. As of now, it has been taking up to 9 months for clients to receive the refund back. As tax season starts, it can make the wait time even longer.
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Take action now before time runs out to determine if you determine if you qualify and how much money you are eligible to receive!
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