ERC Analysts

05/13/2023

Time is running out, you have less than 1 year to fill out your ERC
We'd love to help you out with that

See if you qualify here in less than 2 mins : https://ercanalysts.com/Get-Qualified

05/12/2023

Are you in the retail industry ?
Bottom Line Concepts has helped multiple companies to receive their ERC. Will you be the next one ?

See if you qualify here : https://ercanalysts.com/Get-Qualified

05/09/2023

✅ ERC 101 #8

How is PPP subtracted or accounted for?

We can’t use wages covered by PPP loans and apply them to ERC.
There is a “no double-dipping” rule governing the interplay of an
employer’s forgiven PPP loan and its eligibility for ERC.

05/07/2023

✅ ERC 101 #7

Is refund considered taxable income?

The refund is a deduction in the payroll expense for the period
that the credit is for. The interest that the IRS pays on the credit
is considered taxable income in the period that the payment is
received.

See if you qualify here : https://ercanalysts.com/Get-Qualified

Watch our video to understand more about the ERC program and how we can help your business.

05/05/2023

✅ ERC 101 #6

What qualifies as operational changes?
Here are some impacts to consider that qualify your business for
the Employee Retention Credit:
• Change in business hours
• Partial or full suspension of your operations
• Shutdowns of your supply chain or vendors
• Reduction in services offered
• Reduction in workforce or employee workloads
• A disruption in your business (division or department closures)
• Inability to visit a client’s job site
• Suppliers were unable to make deliveries of critical goods or
materials
• Additional spacing requirements for employees and
customers due to social distancing
• Change in job roles/functions
• Tasks or work that couldn’t be done from home or while
transitioning to remote work conditions
• Lack of Travel
• Lack of Group Meetings

See if you qualify here : https://ercanalysts.com/Get-Qualified

Watch our video to understand more about the ERC program and how we can help your business.

05/04/2023

✅ ERC 101 #5

I took PPP, do I still qualify?

Under section 206(c) of the Taxpayer Certainty and Disaster Tax
Relief Act of 2020, an employer that is eligible for the employee
retention credit (ERC) can claim the ERC even if the employer has
received a Small Business Interruption Loan under the Paycheck
Protection Program (PPP).

See if you qualify here : https://ercanalysts.com/Get-Qualified

Watch our video to understand more about the ERC program and how we can help your business.

05/03/2023

✅ ERC 101 #4

No revenue decline, do I still qualify?

There are two ways to qualify; EITHER a change in your operations
OR a revenue decline. You do not need a revenue decline to
qualify, in fact many businesses had a revenue increase and still
qualified.

See if you qualify here : https://ercanalysts.com/Get-Qualified

Watch our video to understand more about the ERC program and how we can help your business.

05/02/2023

✅ ERC 101 #3

When does ERC end?

Available for 2020 and 3 quarters of 2021. ERC is claimed on an
amended quarterly payroll tax return (Form 941X). Once the IRS
processes Form 941X, a check is issued to the taxpayer for the
credit amount, plus interest. The statute of limitations for filing
amended payroll tax returns is three years from the due date of the
return, meaning to apply for the Employee Retention Tax Credit
for the 2nd quarter of 2020, the amended return needs to be
submitted by July 2023. So, there’s still time to apply for the credit.

See if you qualify here : https://ercanalysts.com/Get-Qualified

05/01/2023

✅ ERC 101 #2

When does ERC end?

Available for 2020 and 3 quarters of 2021. ERC is claimed on an
amended quarterly payroll tax return (Form 941X). Once the IRS
processes Form 941X, a check is issued to the taxpayer for the
credit amount, plus interest. The statute of limitations for filing
amended payroll tax returns is three years from the due date of the
return, meaning to apply for the Employee Retention Tax Credit
for the 2nd quarter of 2020, the amended return needs to be
submitted by July 2023. So, there’s still time to apply for the credit.

04/29/2023

✅ ERC 101 #1

What is ERC? (Employee Retention Credit)

ERC is a stimulus program designed to help those businesses that
were able to retain their employees during the Covid-19 pandemic.
Established by the CARES Act, it is a refundable tax credit - a
grant, not a loan - that you can claim for your business. The ERC
is available to both small and mid-sized businesses. It is based on
qualified wages and healthcare paid to employees.

04/28/2023

Are you in the Lending business ?

Bottom Line Concepts has helped numerous Mortgage brokers to get their ERC.

We would love to help you too

See if you qualify here in less than 10 mins :
https://ercanalysts.com/Get-Qualified

04/27/2023

Contrary to popular belief, your business can still qualify for the employee retention credit even if it didn't have revenue reduction during COVID.