Are You eligible to Recover Money from the ERC Tax Credit?

Most businesses now qualify for the ERC Tax Credit. Your business may be eligible to collect six or seven figures in cash refunds for 2020 and 2021. Allow the specialists at ERC Collection to process your claim quickly and accurately.

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  • We handle all the paperwork for you.
  • We use a licensed payroll company to process all claims.
  • We use a licensed and experienced law firm to supervise all claims and advocate for our client’s interests when necessary.
  • Our fees are 100% contingent upon your recovery. No recovery, No Fee.

What Is The Employee Retention Credit?

The Federal Government has issued several programs to help businesses negatively impacted by the Covid-19 pandemic. A significant program introduced in March, 2020 was the Employee Retention Credit (“ERC”). The ERC was designed to reward and bolster those businesses that were able to retain their employees during the pandemic. The ERC program offers a potential benefit to each qualifying company up to $26,000 per employee. This program is not a loan and does not have a cap on funding. Although this program was released at the same time as the PPP funding, it has been underutilized nationwide. This is because originally the program provided much less funding and restricted qualifications to only a few businesses. Recently however, the government expanded the ERC program and it now allows most businesses to qualify.

There are over 2000 IRS pages dedicated to this program, in addition to state and US territory regulations. ERC Collection, Inc. employs licensed payroll specialists and experienced attorneys to help our clients navigate these regulations. Our single aim is to obtain the maximum benefit possible for each of our clients.

Our Service Providers

Is a licensed payroll company with nationwide tax compliance experience. It has 40+ years combined payroll experience. www.Professionalpayroll.com

Lubell Rosen is a full service law firm started in 1999. The firm has 30 attorneys with offices in Fort Lauderdale, Coral Gables, Tampa and New York. lubellrosen.com

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ERC qualifications

While the general qualifications for the ERC program seem simple, the interpretation of each qualification is very complex. Our significant experience allows us to ensure we maximize any qualifications that may be available to your company.

Full or Partial Suspension of Business

  • 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 Receipts Reduction

  • Gross receipt reduction criteria are different for 2020 and 2021 but are measured against the current quarter as compared to 2019 pre-COVID amounts.

Frequently Asked Questions

Do I have to repay the ERC Credit?

No. This is not a loan. It's a refundable tax credit. When we file your ERC claim we request a refund check for you.

How much do you charge?

Our service charge is based on a percentage of the credit recovered. We calculate and provide our fee with our free analysis. Since we are typically able to recover 10-20% more than someone less familiar with the program, our fee is very affordable. Just like a good CPA, using the right team for this process pays for itself.

Can I get ERC Funds if I already took the PPP?

Yes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, modified the ERC credit rules. One of the modifications included allowing a company to have a PPP loan and still take advantage of the ERC credit. However, you can't use the same dollar for dollar funds. We take this into account when processing your ERC credit.

My revenue went up in 2020, can I still qualify for the ERC program?

Yes! There are two possible qualifications for 2020: revenue reduction, or a "full or partial shutdown of your business due to COVID-19". Specifically the IRS describes this as "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." Below are several examples of qualifying events: 

  • Example 1: A restaurant must close or limit its on-site dining. Such as having to close down every other table, due to COVID-19 restrictions.
  • Example 2: A business that needs to meet with clients in person and has to cancel meetings due to COVID-19 restrictions.
  • Example 3: A business has to reduce their operating hours because COVID-19 restrictions and cleaning requirements.
  • Example 4: A business had delayed production timelines caused by supply chain disruptions.
  • Example 5: A government issued order prevented my business from operating at full capacity.

How will I make payment?

We understand your refund check may not arrive for several months (16 weeks minimum according to IRS documentation). We expect no payment until you receive your payment. We simply require our clients to sign a contract in which they will agree to pay us our fee within 10 days receipt of their ERC benefits. While you wait we will send periodic reminders. Other than that, you can just sit back and wait for your check from the government.

As an owner do my wages, or the wages of any family member I employ qualify?

Maybe. Wages of owners who have majority ownership, defined as over 50%, do not qualify, nor do the W2 wages of any immediate family members of the owner. In the case an owner has less than 50% ownership, their W2 wages qualify, as do the W2 wages paid to immediate family members.

Can I qualify for the ERC if I'm self employed?

No, if you are majority owner (over 50%) of your company then your wages do not qualify.

How long does it take to get my ERC Credit?

After we submit the required documents on your behalf, the IRS has stipulated a 16 week minimum turnaround on the ERC refunds. Our clients are reporting an average of 6 months. However as more businesses submit claims, we expect the delay to be even longer. The sooner you file, the sooner you’ll get paid.

Is the ERC Credit taxable?

The ERC credit is not considered income for federal income tax purposes, but you must reduce any deductible wage expenses by the amount of the credit. Please provide the credit information to your CPA for tax purposes.