EMPLOYEE RETENTION CREDIT PROGRAM: WHAT YOU NEED TO KNOW
Businesses with W2 employees can receive up to $5,000 per employee for 2020, and up to $21,000 per employee for 2021 ($7,000 per first 3 quarters).
A TOTAL PER W2 EMPLOYEE of up to $26,000.
The Employee Retention Credit (ERC) was created as part of the first COVID-19 stimulus package. With the two most recent stimulus bills, the ERC received substantial enhancements making it much more valuable for businesses affected by the pandemic.
The revamped ERC program opens up tremendous opportunities for businesses to significantly boost the amount of funds available to them through the federal government.
If you had payroll expenses at any time in 2020 and 2021, you need to have our experts at IPG review your eligibility for the ERC program. We will verify your eligibility, provide a thorough review of your payroll expenses, complete all the required IRS tax forms, and ensure you receive the funds due back to you quickly.
“Working with the IPG team for our ERC refunds in 2021 was easy and seamless… with lightning fast turnaround time on our refunds. We couldn’t be happier with the time and energy we saved by using experts to handle this process for us.” – HOME HEALTH CARE PROVIDER
“As a small pediatric practice, the pandemic has been extremely difficult to navigate, both from a patient care and business perspective. Their help in ensuring we had access to the ERC, as well as their guidance in navigating the legal and tax implications of ever changing federal legislation, let’s us focus on what truly matters: our patients.” – MEDICAL PRACTICE
“…extremely knowledgeable about the Employee Retention Tax Credit guidelines and filing. The process to file was very efficient, communication throughout the nine months was open and clear, therefore I am very pleased with their services and would highly recommend using them.” – PIZZERIA OWNER
“When I learned about the ERC program and the federal taxes that could be refunded to my businesses I was excited. However like anything dealing with the IRS and your businesses, I believe it is best to hire an expert. Jonathan and his team are not just experts on the ERC program, but they made the process effortless on my part. I own several businesses in several different states that range from 3 to 25 employees and Jonathan gave each business the attention from start to finish it needed. I would highly recommend every eligible small business to take advantage of this program…” – INVESTMENT ADVISOR