Let our team of experts ensure you maximize the credits you deserve from this Cares Act opportunity. We do nearly all the hard work for you with zero-risk or upfront fees. Plus, we’ll help you create even more employee productivity and passion for work using our free & exclusive Goodworld Rewards program.
Since 2012 Expense To Profit and our team has saved businesses like yours over $1 Billion.
What is the Employee Retention Tax Credit (ERTC)?
An existing tax credit known as the ERTC was available to businesses located in disaster-affected areas. Congress extended the program providing billions in economic stimulus supporting businesses negatively affected by the COVID pandemic that kept employees on their payroll.
It was created as a part of the CARES Act, which was approved by Congress in March 2020 and altered by the American Rescue Plan in 2021 and the Taxpayer Certainty and Disaster Tax Relief Act of 2020. The COVID Pandemic ERTC was essentially terminated with the passing of the Infrastructure Investment and Jobs Act of 2021, while credits may still be claimed.
Since this new regulation has undergone four changes, it is understandable that many professionals inadvertently give you bad advice that results in lost time and substantial payment credits that you are entitled to by law. Don’t miss your one chance to receive the payments you’re due.
How much money can I expect to reclaim?
The ERTC Refund cap for each employee is $26,000. Up to $7,000 per quarter, per employee, between January and September 30, 2021, is the maximum reimbursement for that year. The refund is determined by considering the 941 taxes paid, employer-provided health benefits, family leave for COVID, and paid time off to get vaccinated for COVID. A $5,000 credit per employee may also be available for 2020.
A Few Client Refunds to Date:
- Restaurant franchise with 350 Employees received PPP and forgiven – qualified for a recovery of $2,935,000.00
- Trade association with 14 employees received PPP and forgiven – qualified for recovery of $418,000.00
- Senior Home Care company with 14 employees qualified for a recovery of $44,000.00
- Restaurant with 19 employees qualified for a recovery of $59,000.00
- Home Care Services Company with 123 employees was told by accountant, bookkeeper and payroll company she did not qualify. Expense To Profit was able to show they were incorrect and now estimated recovery is $1,200,000.00
How can I qualify for the Employee Retention Tax Credit (ERTC)?
Your business needs to have been affected in at least one of two ways to qualify:
- Your business experienced a 50% decline in gross receipts during any quarter in 2020 versus the same quarter in 2019 and/or a 20% decline in gross receipts during any quarter in 2021 versus the same quarter in 2019
– OR –
- Your business was forced to partially or fully suspend or limit operations by government order during 2020 or 2021. (This may include interrupted operations, supply chain interruptions, inability to access equipment or vendors, cutting hours of operation, etc.)
The qualifications have changed, even though your advisors have already studied and evaluated your circumstances. For 2020 businesses were capped at 100 employees and was expanded in 2021 to 500 employees. Our service is provided without charge to see if you currently qualify. Don’t let your company fail to receive this just compensation go unclaimed by your business.
What if I received a Paycheck Protection Program (PPP) Loan?
If you qualified for a PPP Loan, you most likely qualify for the ERTC tax credit.
A complete evaluation to determine your eligibility with detailed analysis.
Full guidance on the process, documentation, filing the claim and tracking your tax credit refund.
Only after receiving tax credit refund your fee is due. (Remember, we charge zero upfront fees and there is no zero-risk.)
Finally we automatically create the exclusive Goodworld Rewards program for your team making you look like a hero without any additional cost for you.
We have found most bookkeepers, payroll processors and regular CPAs are not up to the latest qualifications and program changes.
Our Goodworld Rewards program provides an opportunity for every employee to make a charity donation to a cause they care about which has been
shown to improve productivity, engagements and passion at work. (See below for more details)
UNDERSTANDING THE COMPLEX PROGRAM RULES AND BEING AVAILABLE TO ANSWER YOUR QUESTIONS
Factoring the PPP loan into the ERTC refund
The differences in the program for 2020 and 2021
The aggregation rules for larger multi-state employers
The effects of State specific Executive Orders
Employee classifications: Full Time, Part Time, Union, tipped employees and how they affect refund amounts
FAQs – ERTC Frequently Asked Questions
Are 2020 and 2021 both covered under the ERTC?
The ERTC tax credit began in March 2020 and continues through September 2021.
If we received a PPP Loan can we still receive ERTC credits?
If you received a PPP Loan you will most likely qualify for Employee Retention Tax Credits (ERTC).
If my business had less than the required decline in gross receipts do we qualify?
Your business can also qualify if you were forced to partially or fully suspend or limit operations by government order during 2020 or 2021.
(This may include interrupted operations, supply chain interruptions, inability to access equipment or vendors, cutting hours of operation, etc.)
We want to thank you for supporting your employees during this critical period with the exclusive Goodworld Rewards program.
By taking 5% of our fees we make you look like a hero without any additional cost to you. (Of course, you are welcome to match this amount but never required.)
These Goodworld Reward giving cards are pre-funded so each employee can support any of 1.5M+ charities they personally care about.
Remember there is absolutely zero upfront cost, fees or risk with Expense To Profit. Let us ensure you maximize the credits you deserve from this one-time opportunity. The sooner you submit, the faster you can receive payment.
Don’t delay. Find out if you qualify now.