The Last COVID-19 Funding Opportunity For Small Business Employers.
- Quanice
- Aug 1, 2022
- 1 min read
See if your business qualifies to receive up to $33,000 per employee for keeping your employees on the payroll!
Do you have any W2 employees? Have you filed the 941 Form Quarterly? Partly closed due to a government order OR your revenue decline significantly in 2020? Did you begin a recovery startup business in 2021?
You may qualify and we have an official calculator to assist you!
The Employee Retention Tax Credit (ERTC) has been amended three
separate times after it was initially enacted as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in March of 2020 by the Taxpayer Certainty and Disaster Relief Act of 2020 (Relief Act), the American Rescue Plan (ARPA) Act of 2021, and the Infrastructure Investment and Jobs Act (IIJA).
Q2 2020, Q3 2020, Q4 2020 The tax credit is 50% of the first $10,000 in wages per employee for 2020. Maximum credit of $5,000 per employee, for the entire year.
Q1 2021, Q2 2021, and Q3 2021... The tax credit is 70% of the first $10,000 in wages per employee in each quarter of 2021. Increased the maximum per employee to $7,000 per employee, per quarter ending October 1st, 2021.
Note:
The IRS does not accept e-file of the 941-X form. This form must be completed manually and printed and mailed to IRS.
See if your business qualifies to receive up to $28,000 per employee! Reach out today for your free consultation.
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