AllianceHCM clients have claimed over $200 Million in Employee Retention Credits (ERC)
Offset your payroll tax and get cash back.
Was your business impacted or restricted by
government orders in 2020 or 2021?
Were gross receipts in any quarter of 2021 less than 50% of the same quarter in 2019 OR were gross receipts in any quarter of 2020 less than 20% of the same quarter in 2019?
How many full-time employees did you have in 2020?
How many full-time employees did you have in 2021?
You likely qualify for ERC relief!
Get started by completing the form below.
The Employee Retention Credit (ERC) is part of the CARES Act. It is a fully refundable tax credit that incentivizes employers for retaining staff throughout the COVID-19 pandemic by providing specific tax relief.
Businesses can claim up to $5,000 in refundable tax credits for each employee on their payroll in 2020 and up to a $7,000 credit per quarter (excluding Q4) for each employee in 2021.
Previously, PPP loan borrowers could NOT claim Employee Retention Credits (ERC).
Section 206 of the new Consolidated Appropriations Act (CAA) removes this restriction. However, the same wages that were paid for by the PPP cannot be used to claim ERC. In other words, no “double dipping” of wages is permitted.
Can I claim ERC if I’ve already claimed PPP or gotten my PPP loans forgiven?
You can claim both! Consolidated Appropriations Act (CAA) of 2021, removed the limitation on only claiming one or the other.
Can I claim ERC if my business gross receipts did not drop 50% or more?
The CAA has changed the qualifications so that a reduction of 20% now qualifies.
Can I claim ERC if my business was not shut down during the pandemic?
A partial shutdown, a disruption in your business, inability to access equipment, having limited capacity, shutdowns of your supply chain or vendors, reduction in services offered, reduction of hours to accommodate sanitation, shut down of some locations and not others, and shutdowns of some members of a business are all scenarios that still potentially qualify for the ERC.
Can I claim ERC if my company was deemed an essential business?
Even if you were open but your vendors were closed down or you can’t go to a client’s job site, you may still qualify. If part of your business was considered non-essential and was impacted by a government-ordered suspension, you may also qualify.
Can I claim ERC if my business has grown during quarantine?
Great! You still qualify.
Can I claim ERC if I am charity?
Of course! Churches, nonprofit hospitals, museums all qualify!
Successful businesses like yours trust Alliance Human Capital Management