ERC

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01.
Specific Program Expertise

A regular CPA or payroll processor might not be well-versed in ERC. This is one of are specialties.

02.
Thorough Evaluation

Regarding your eligibility.

03.
No Risk

We are a no-risk, contingency-based cost savings company meaning you only pay if you qualify and receive a grant.

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ERC is a Grant, NOT a Loan

Claim for your business, based on qualified wages and healthcare paid to your employees!

Get Qualified

Why Us?

The ERC underwent several changes and has many technical details, including how to determine qualified wages, which employees are eligible, and more. Your business’ specific case might require more intensive review and analysis. The program is complex and might leave you with many unanswered questions.

We can help make sense of it all. Our dedicated experts will guide you and outline the steps you need to take so you can maximize the claim for your business.

The ERC Lowers Social Security Tax Liability

If the credit you receive through the ERC exceeds your Social Security tax liability, you qualify for a refund. At the end of the quarter, the amount of these credits becomes reconciled on the employer’s Form 941.

The Credit Has Been Extended to 2021

This extension gives businesses several new benefits. For example, the 2021 update is the reason that employers can now receive 70% of the first $10,000 of qualified wages for each employee.

Many Businesses Can Apply for Tax Credit Benefits

First, a company must have suffered either a full or partial suspension due to government orders. Alternatively, a company must have suffered a significant decline in gross receipts.

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You Can Claim ERC for Many Employees

Regardless of which type of business you run, these retention credits are a tremendous benefit for your company. Consult your professional advisors to see how the number of employees may affect how you take a tax credit.

It’s Easy to Claim the ERC

Another benefit of the ERC is that you can claim it easily if you qualify. All you have to do is claim it on your federal employment tax returns with your Form 941.

Many Sectors Can Claim the Tax Credit

One of the final advantages of the Employee Retention Tax Credit is one we’ve alluded to previously. The IRS has outlined criteria for determining whether businesses can qualify in different sectors. These include private-sector organizations, tax-exempt entities, and nonprofit groups.

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How It Works

Step 1

Just answer a few simple questions about your business.

Step 2

Our team of specialists, at NO COST, will figure out exactly how much of a payroll tax refund you're owed.

Step 3

Our team will assemble, package, and submit the final paperwork to the government. All you have to do is wait for your refund to arrive.

GET QUALIFIED
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ERC Submission Form

Please fill out this form and one of our ERC specialists will contact you.
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Book A One-On-One

Select a day and fill out the appointment form and one of our ERC specialists will contact you.
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How can Peerly help me?
You send our consulting firm Bottom Line a few documents and they will do the rest. They'll examine every aspect of the pandemic impact for your tax credit for employee retention credit. They are always just a phone call away serving all 50 states. Our ERC process only requires a short 15-30 minute call with you to review expectations, confirm our questionnaire responses and pull down payroll reports.

What constitutes an Eligible Employer?
Eligible Employers for the purposes of the Employee Retention Credit are employers that carry on a trade or business during calendar year 2020, including tax-exempt organizations, that either: (1) Fully or partially suspend operation during any calendar quarter in 2020 due to orders from an appropriate governmental authority limiting commerce, travel, or group meetings (for commercial, social, religious, or other purposes) due to COVID-19; or (2) Experience a significant decline in gross receipts during the calendar quarter; or (3) began operations after February 14th 2020.

What period does the program cover?
The program began on March 13th, 2020 and ends on September 30, 2021, for eligible employers. You can apply for refunds for 2020 and 2021 after December 31st of this year, into 2022 and 2023. And potentially beyond then too. We have clients who received refunds only, and others that, in addition to refunds, also qualified to continue receiving ERC in every payroll they process through December 31, 2021, at about 30% of their payroll cost. We have clients who have received refunds from $100,000 to $6 million.

Do we still qualify if we already took the PPP?
Yes! Under the Consolidated Appropriations Act, businesses can now qualify for the ERC even if they already received a PPP loan. Note, though, that the ERC will only apply to wages not used for the PPP.

Do we still qualify if we did not incur a 20% decline in gross receipts?

Your business qualifies for the ERC, if it falls under one of the following:

 

  • A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings.
  • Gross receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.

Do we still qualify if we remained open during the pandemic?

Yes. To qualify, your business must meet either one of the following criteria:

  • Experienced a decline in gross receipts by 20%, or
  • Had to change business operations due to government orders

Many items are considered as changes in business operations, including shifts in job roles and the purchase of extra protective equipment. The ERC, in this case, also applies only for Q3 and Q4 of 2021. Businesses can qualify, regardless of the number of full-time employees.

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