The 2021 Employee Retention Tax Credit can produce a refund of up to $21,000 per employee. Check with us for details and eligibility.Contact Us
Is your business eligible for the Employee Retention Tax Credit?
Because the coronavirus has negatively affected so many businesses nationwide, a number of coronavirus payroll tax credits are available to help employers out. One option is the Employee Retention Tax Credit (ERTC).
The ERTC is a CARES Act relief measure for businesses. It is a fully refundable tax credit to encourage employers to keep employees on payroll.
How much is the credit?
For 2020: The maximum ERTC is $5,000 per employee.
For 2021: The maximum ERTC is $7,000 per employee, per quarter for all four quarters of 2021, with a total maximum ERTC of $28,000 per employee.
Even if you received a PPP Loan in 2020 or 2021, you may be eligible for the ERTC for both years. Please fill out the form below to help us determine if you qualify.