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!
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Many companies talk about teamwork but few practice it. Many companies talk about an employee friendly environment but few actually provide it. At Phillips Law Group the foundation of our success is making sure we work as a team and that we work in an environment that allows everyone to thrive and be at their best every day. Our firm understands that in order for the client to have a great experience the people responsible for that client’s case must be given all the necessary tools and encouragement to make that happen. That’s the Phillips Way. As a manager of this firm in charge of several employees as well as directly affecting the client’s experience I take tremendous pride in saying we live by these premises and we work hard to build on them and make them better every day. This is an amazing place because it has amazing people working here!
I would like to send special thanks to Phillips Law Group for giving me the opportunity to be a part of the Best Law Firm here in the Valley. During these troubling times with the epidemic, Phillips Law Group has masterfully created this family-like environment while still maintaining a professional and business-like approach for all their clients. Thru impeccable leadership that is unmatched by other law firms to the Multi-diverse employment opportunities that many employees advance within the firm; Phillips Law Group has not only distanced themselves from all other competition in the Personal Injury field but also has innovatively changed the narrative of being a great law institution. From providing Employee Appreciation Day to celebrating all major Holiday including great competitive contests; Phillips Law Group has the total participation of all employees to help contribute to the continued success of this firm. So in closing I would like to thank Senior Administration (Jeffery Phillips, Eva Chiaramonte, and Tim Tonkin) along with all of my colleagues and many friends for help making Phillips Law Group a unique and wonderful place to call my place of employment for 6+ years.
The lawyers here are of top quality. Especially Trey Dayes, who was always respectful and hard-working.
Jon Jamieson was amazing to work with . He came through with all of his promises.
I enjoy my work day here at Phillips Law Group and generally speaking I love my clients. Every day brings a new client or task to keep me on my toes. Administration keeps open communication and is hilarious most of the time! I love the way we celebrate FRIDAY, holidays and birthdays and how everything is so competitive. All in all I’m so fortunate to be here and I enjoy what I do.
Jasmine Delgado is an amazing paralegal. She was patient, kind and extremely knowledgeable. Highly recommend Phillips law group
I have been with Phillips Law Group for a little over a year and I have learned what teamwork and family in a workplace looks like. There is always someone around to lend a helping hand, which is something I appreciate and cherish. I feel a sense of joy coming to work every day because of my co-workers as well as being able to help people in what can be a scary and stressful situation. I currently work as a Litigation Legal Assistant with an amazing team. When I started here, I was not very knowledgeable in personal injury. I was lucky to have been placed with an amazing team who was willing to take time to teach and pass on some great skills that have been a huge aid in helping me be successful in my position. I would recommend working here at Phillips Law Group, because they care about their employees and there is so much room for growth.
Phillips law group is the best around!
I’ve been working at Phillips Law Group for nearly four years and I can confidently say this is the best personal injury firm in Arizona to work for. The firm is the best for numerous reasons but to start, Phillips Law Group gives employees opportunities for promotions and growth. I started working within the settlement department, moved to a paralegal assistant and grew to be a pre-litigation paralegal with my own case load. Each attorney I have worked for is extremely knowledgeable, friendly, and easy to talk to. Secondly, I love how Phillips Law shows appreciation for employees. They host Friday Zoom Huddles giving out PTO, goodie bags, special shout outs, bonuses and gift cards. They also host extravagant holiday parties and fun contests during the Holidays! Lastly, the firm cares about giving back to the community, which is a trait I value as well. It’s rewarding to see a fast paced firm taking time out of their busy day to pay it forward. I would highly recommend working at Phillips Law Group!
Liz Gonzales was great!!!!