ERC - Employee Retention Tax Credits

The ERTC is a refundable credit that businesses can claim on qualified wages, including certain health insurance costs, paid to employees.

CARES Act – 2020

Get help retroactively claiming the Employee Retention Tax Credit for your business.

For employers who qualify, including borrowers who took a loan under the initial PPP, the credit can be claimed against 50 percent of qualified wages paid, up to $10,000 per employee annually for wages paid between March 13 and Dec. 31, 2020

Consolidated Appropriations Act – 2021

Employers who qualify, including PPP recipients, can claim a credit against 70% of qualified wages paid. Additionally, the amount of wages that qualifies for the credit is now $10,000 per employee per quarter.

American Rescue Plan Act – 2021

The credit remains at 70% of qualified wages up to a $10,000 limit per quarter so a maximum of $7,000 per employee per quarter. So, an employer could claim $7,000 per quarter per employee through the first three quarters of 2021 after the passage of the Infrastructure Investment and Jobs Act changed the end date of the program for most businesses. However, Recovery Startup Businesses (RSBs) were eligible through the end of 2021. They could be eligible to take a credit of up to $50,000 for the third and fourth quarters of 2021.

What People Are Saying

  • Maya Richmond, Windham County Humane Society

    “ When I first met with Cynthia to learn more about the Employee Retention Tax Credit program, it seemed too good to be true. Cynthia walked us through the process with patience and integrity. We discovered that Windham County Humane Society qualifies for a six figure refund because of the impact pandemic restrictions had on our ability to run our usual fundraising efforts. These funds will be truly game-changing for our non-profit and might have been left behind without Cynthia's expertise and assistance. I highly recommend checking out Cynthia's "Operation Fairy Godmother" project ! ”

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