Employee Retention Credit

JPM has been diligently tracking the ERC and assisting numerous entities evaluate the applicability. Your business could qualify for thousands.

What is the Employee Retention Tax Credit?

The ERC is a refundable credit that businesses can claim on qualified wages, including certain health insurance costs, paid to employees.

How much can I get from the ERC?

For 2020, the credit can be claimed against 50 percent of qualified wages, up to $10,000 in wages per employee. For 2021, the credit can be claimed against 70 percent of qualified wages, up to $10,000 in wages per employee

How do I qualify?

For 2020, your business must have had a 50% revenue reduction for any quarter. For 2021 it must have a 20% revenue reduction for any quarter.

We can maximize your credit for your business!

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Our Clients Have Received In Hand

The ERC is extremely complex and has been updated multiple times by Congress.  Furthermore, the Internal Revenue Service has provided limited guidance on the ERC.  As such, in considering the applicability of the ERC to your organization, below is a short list of key considerations that must be taken into account in your evaluation and analysis: 

  • Number of full time employees;
  • Owner employees / relatives of owner employees;
  • Common ownership rules / other business interests;
  • Paycheck Protection Loan Proceeds;
  • Full or partial suspension of business activities (understanding these rules and how you may qualify);
  • Definitions of revenue (items to be included / excluded);
  • Proper documentation to substantiate governmental audit

Schedule a meeting to learn if you qualify!