SBA TAX CREDIT, 10429 South 51 Street, Suite 206, Phoenix, FL (2026)

01/04/2023

How do I calculate if an employer is a large or small employer for the Employee Retention Credits?
🔸 For the 2020 ERC, an employer with 100 or fewer average full-time employees (as measured in 2019) is defined as a small employer.
🔸 For the 2021 ERCs, an employer with 500 or fewer full-time employees (as measured in 2019) is defined as a small employer.
🔸 The term “full-time employee” means an employee who, with respect to any calendar month in 2019, had an average of at least 30 hours of service per week or 130 hours of service in the month (130 hours of service in a month is treated as the monthly equivalent of at least 30 hours of service per week), as determined in accordance with section 4980H of the Code. An employer that operated its business for the entire 2019 calendar year determines the number of its full-time employees by taking the sum of the number of full-time employees in each calendar month in 2019 and dividing that number by 12. Special rules apply to those who were not in business all of 2019.

12/30/2022

Myths about ERTC
1. The business's revenue must be reduced: No, revenue is only one factor - many companies that qualify for employee retention credits have little or no loss in revenue.
2. Business must be considered essential: No, essential status does not affect the ERTC and many essential companies qualify.
3. The company received a loan under the Paycheck Protection Program (PPP) so the company could not collect the debt: Not true. Companies that receive PPP capital are also eligible for the Employee Retention Tax Credit.
4. The business has not closed so it is not eligible: Not true. Partial shutdowns and business interruptions are also eligible for ERTC . claims
-------------------------------------------------
For a free consultation
Contact: (+1) 800-680-5379 , (480) 808-0318 Hide less

12/13/2022

The ERTC is a complicated credit. It’s something the IRS has never done in previous years and has been modified several times since it was created. This is the perfect storm for errors. You need to avoid these common mistakes if you want to get the most benefit from this valuable credit.
- Assuming a PPP loan disqualifies you. The original rules stated you couldn’t get this credit if you had a PPP loan. This changed in 2021.
- Only looking at revenue. You can qualify based on a decline in revenue, but you can also qualify if you had to shut down or change operations due to COVID-19.
- Not including healthcare expenses. Wages, as well as the employer portion of health insurance expenses, can be used to calculate this credit.
- Missing the deadline. You can amend a tax return for an almost indefinite amount of time, but if you want a refund, you only have three years.
----------------------------------
☎️ Contact : (480) 808-0318
For a free consultation
- Applying for the final quarter of 2021. You can only claim the credit for this quarter if your business is a recovery start-up business.

12/11/2022

𝗚𝗲𝘁 𝗨𝗽 𝗧𝗼 $𝟮𝟲,𝟬𝟬𝟬 Per Employee In Cash Refunds With The (ERC) Employee Retention Tax Credit
* 1 employee = $26,000
* 5 employees = $130,000
* 10 employees = $260,000
This is how many business owners can get if 5, 10, or 20 employees work in 2020 and 2021.
----------------------------------
☎️ Contact : (480) 808-0318
For a free consultation

12/07/2022

How to Apply for the ERTC Tax Credit
1. Work Through the Pre-Qualification Steps
2. Fill Out Basic Details about Your Business
3. Upload a Payroll Report
4. Provide Copies of Your Employer Tax Returns
5. Note if You Received a PPP Loan
----------------------------------
☎️ Contact : (480) 808-0318
For a free consultation

12/02/2022

❓WHICH BUSINESSES/TAX EXEMPTS ARE GOOD CANDIDATES FOR THE ERC?

- All of them. We have found across-the-board companies and tax-exempts from all walks that qualify for the ERC – including manufacturers; construction; engineering; architecture; dental; medical; hotels, restaurants; churches; schools; hair salons; agriculture; food and beverage; hospitals; charities. Even for a very small business or tax-exempt the savings can be meaningful.

- Just to give you a flavor – I’ve seen: 1) Food and Beverage company with 317 employees received a credit for 1st quarter of 2021 of $1.03 million; 2) Dental Lab with 17 employees receive a credit for $60,000 for 1st quarter of 2021; 3) Construction business with 425 employees receive a credit of $1.61 million for 1st quarter of 2021; and, 4) Agriculture Feed Company, 33 employees, $123,000 credit for 1st quarter of 2021. For all these businesses the credit has been extremely important to keep jobs, retain jobs and, yes, create new jobs – great news for workers. Just as Congress intended.
----------------------------------
☎️ Contact : (480) 808-0318
For a free consultation

11/29/2022

THE ERC IS ABOUT JOBS
The incentive was put in place to help businesses and tax-exempts retain jobs, keep jobs, but more importantly, GROW AND EXPAND jobs. Congress – in passing the ERC – wanted to help not only the businesses and tax-exempts that were set back by the pandemic. However, Congress also wanted to support and assist those businesses and tax-exempts that found ways to thrive in the pandemic – and were maintaining or creating new jobs. When Congress wrote the $80 billion dollar check for the ERC – it was to help job creation across the board – job creation by struggling businesses; job creation by businesses treading water, and job creation by businesses that are fortunate to move forward. For Congress. it is all about the jobs.
----------------------------------
☎️ Contact : (480) 808-0318
For a free consultation

11/27/2022

❓ What are the basics of the ERC?
👉 For 2020: 50% of qualified wages up to $10,000 qualified wages per employee for all quarters ($5,000/EE for all of 2020). Business qualifies if operations are fully or partially suspended as a result of a government ordered shutdown due to COVID-19, or gross receipts for the quarter have dropped by 50% compared to the same quarter in 2019.
👉 For 2021: 70% of qualified wages up to $10,000 qualified wages per employee for any quarter ($7,000/EE for each 2021 quarter). If gross receipts in 2021 are 20% less than same quarter in 2019, you can qualify. Cannot use same wages for FFCRA Sick and Medical Leave Credits
----------------------------------
☎️ Contact : (480) 808-0318
For a free consultation

11/26/2022

ERC HAS BEEN EXPANDED
A source of confusion or uncertainty as to the ERC is that people have an outdated understanding of the law from when it was first put in place in Spring 2020. The ERC has been significantly expanded and extended since it was first included as part of the 2020 COVID-19 relief bill in Spring 2020 – and the same legislation included the Paycheck Protection Program (“PPP”) loan program (with the PPP loan program getting the vast majority of the attention and being viewed as an either/or with ERC). Since Spring 2020, the ERC has been extended and expanded twice and made much more generous (and easier) for businesses and tax exempts to qualify. It is not your grandmother’s ERC – with a credit now of up to $7,000 per quarter per employee for all of 2021 and friendly rules for interaction with PPP loans.
----------------------------------
☎️ Contact : (480) 808-0318
For a free consultation

11/22/2022

💥 EMPLOYEE RETENTION CREDIT PROGRAM 💥
🔥 Qualification information & eligibility:
- Companies with up to 500 employees
- A 20% reduction in gross receipts from 2021 when compared to 2019 on a quarter by quarter basis.
- Credits up to $26,000 per employee!
- PPP Loan #1 or #2 can claim the ERC credit!
- Advanced Funding Payment Option Available
----------------------------------
☎️ Contact : (480) 808-0318
For a free consultation

11/20/2022

WHAT IRS FORM TO USE TO PAY ERTC?
- IRS Form 7200 - This form is used to request prepayment of employee retention credit through January 31, 2022
- IRS Form 941 - This form is used to file quarterly federal tax returns, including claims for the employee retention tax credit
- IRS Form 941-X - This form is used to correct errors on Form 941. This form can be used to claim a retroactive employee retention tax credit.
----------------------------------
☎️ Contact : (480) 808-0318
For a free consultation

11/16/2022

🔥 WHY YOU CHOOSE US?
👉 Our expert team will help you claim your tax refund fast while saving you all the headaches of dealing with the IRS. We all know IRS tax forms can be difficult and confusing to complete. Our team will complete all the necessary paperwork to determine your maximum refund amount and streamline the process for you.

👉 Incomplete forms and incorrect information can create significant delays and even rejection of your credit. Don’t take that chance. Let our team of experts process your refund quickly and accurately so you receive your maximum refund fast.
----------------------------------
☎️ Contact : (480) 808-0318
For a free consultation

SBA TAX CREDIT

01/04/2023

12/30/2022

12/13/2022

12/11/2022

12/07/2022

12/02/2022

11/29/2022

11/27/2022

11/26/2022

11/22/2022

11/20/2022

11/16/2022

Address

Telephone

Website

Alerts

Contact The Business

Shortcuts

Share

Category