Employee Retention Credit

Business Impacted by COVID-19 Get Up to $26,000 per Employee

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What is Employee Retention Credit (ERC)?

ERC is a broad-based refundable payroll tax credit designed to assist businesses that retained employees during the COVID-19 pandemic.

Established by the CARES Act and altered by additional acts passed by Congress in 2020 and 2021, ERC is available, retroactively, to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.

Credits can be up to $26,000 per employee
ERC is available for 2020 and the first 3 quarters of 2021
Businesses qualify in one of two ways, not both
Business who received PPP can also qualify

Learn more about the Employee Retention Credit

Get help with technical details and more.

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ERC Eligibility: Everything You Should Know

Restricted Operations

A government authority required a 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.

Decrease in Income

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

Period of Eligibility

A business can be eligible for one quarter and not another or a date range within a quarter and not the entire quarter.

Previous PPP Benefit

Even if you received a Paycheck Protection Program (PPP) loan, you can qualify for ERC. PPP loan recipients cannot apply wages paid by PPP to the ERC.

Business Age

You could be considered a Recovery Startup Business if you started a business after February 15, 2020, and be eligible for a $50,000 per quarter ERC for the third and fourth quarters of 2021.

How will CAVU HCM help?

The ERC has been through multiple changes due to four different acts passed by Congress in 2020 and 2021 and we can help you make sense of it all.

These ERC changes have brought about many technical details including how to determine qualified wages, which employees are eligible, and more. Your business’ specific situation demands intensive review and analysis. ERC is complex and might leave you with unanswered questions.

Our dedicated experts will help you navigate and interpret the highly complex ERC process and will be available to answer your questions. Our services include:

Thorough explanation of eligibility requirements
Comprehensive analysis of your ERC claims and qualified wages
Completion of documentation required to complete the claims process
Easy and fast end-to-end process to help you claim and receive your funds
No fees until you receive your credit

We are here to help you make sense of ERC. Our dedicated experts will guide you and outline the steps you will need to take so you can determine if you qualify for ERC and how to maximize the credit.

Your business’ specific situation demands intensive review and analysis

ERC is complex and might leave you with unanswered questions.

Get Quote!