What is the Employee Retention Tax Credit?

September 1, 2022

The height of the COVID-19 pandemic was tough on everyone. People lost loved ones and livelihoods, and the world is still dealing with those same issues or their ripple effects today. 

For small business owners, a lot of difficult choices had to be made as a result of the pandemic, and many struggled with juggling costs during such a volatile time. But those who were able to adapt to keep their employees on staff during the pandemic can now claim a well-deserved reward for doing so.

The Employee Retention Tax Credit – also known as ERTC or ERC – is a refundable credit that businesses can claim on qualified wages paid to their employees. If your business experienced setbacks during the pandemic while continuing to employ W2 staff, then you may qualify for the credit.

The ERTC was established as an incentive to keep people employed during the pandemic and to offset the quarterly employment taxes businesses are required to pay. 

It is a fully refundable payroll tax credit created as part of the CARES Act and is available now to give financial relief to American business owners who held onto their employees – even during what was a very tough financial period for many leaders who guided their teams through the worst of COVID-19.

If you’re a business owner, you could be eligible to receive an ERC check if you suffered losses and faced restrictions, particularly if those losses and restrictions happened between Q4 2020 and Q3 2021.

But with everything else you have to do as a business owner, you may not have time to look into the ERTC or even know where to start. That’s where our team comes in.

We can help you file the right amended quarterly payroll tax returns on your behalf so you can claim these funds. The legal professionals with our firm are committed to helping you claim the tax incentives your business is eligible for, and we want to make sure you see every dollar you’re owed.

Perhaps most importantly, you only pay us if we win an ERC recovery check for you. Please contact us today to see how we can help you and your business!