4 Part Training on the Employment Retention Credit (ERC)

Written By Cindy Ruelas

Let’s dig deeper into the intricate details surrounding the Employee Retention Credit (ERC) and its incredible potential for businesses. Our Founder and CEO Cindy Ruelas shares her immense knowledge on the ERC, why the credit exists, and how it works. She has helped dozens of businesses access from $15,000 to $500,000 with this tax credit. It’s a once in a lifetime opportunity that most business owners will never see again. The money is there and if you qualify you should take it. Check out part one of our training series on why you should apply for the ERC. 

Why You Should Take Advantage of The ERC

The ERC was established in 2020 during the COVID-19 pandemic, and it remains a powerful tool designed to support businesses in retaining their employees. As the rules governing the ERC have changed multiple times, Cindy addresses some of the confusion surrounding its availability. If you have specific questions, she can help.

Initially, businesses were unable to claim the ERC if they received PPP, but this rule has since been revised. With the ability to claim up to $10,000 per employee per year, with a 50% credit back, the ERC presents a significant opportunity for business owners. In 2020, a minimum of 50% revenue reduction in any one quarter was required for qualification. In 2021, businesses only need to show a 20% reduction per quarter to qualify, thereby unlocking a 70% credit back. Check out part two of our training series for more background information on the ERC.

History of the ERC

So now that you know what the ERC is. Do you know if you qualify? Qualification for the ERC hinges on either a reduction in revenue or proving that your business was impacted by government closures during Covid. The final determination of qualifications rests with the IRS but having professionals such as ourselves do the legwork in proving these impacts is well worth the investment. Check out part three of our training series for more information on whether or not your business qualifies for the ERC. 

Two Ways To Qualify for the ERC

In line with our commitment to offering valuable insights, our fourth episode delves into the IRS's warning about aggressive ERC marketing practices and ERC fraud. Rest assured, while our business markets ERC services, we do not engage in these aggressive tactics. With two years of dedicated research, we take pride in our work and ensure careful auditing of all calculations. We even offer a personal guarantee if the IRS adjusts the projected credits or if the refund doesn't align with expectations. But not every company doing ERC calculations has your best interests at heart. Watch the fourth episode to learn more about how scammers are using the ERC to take advantage of business owners. 

IRS Warnings About ERC Scams

We firmly believe that leveraging the ERC tax credit can significantly boost your profitability and offer your business access to much-needed funds. We genuinely want to assist qualifying businesses in navigating this complicated process. This unique opportunity may never come around again, and we've witnessed firsthand how the ERC has already helped numerous clients.

We offer full-service ERC calculation, review, amendment, and submittal. See if your business qualifies and book your free consultation today. 

Let's unlock the potential of the Employee Retention Credit and pave the way for a more profitable business!

Cindy Ruelas
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