TAX audits, planing, preparation, resolution

J. Hanover-Schwartz

licenced CPA & Attorney in the state of Tennessee

Employee Retention Credit

Enacted as part of the CARES Act, the Employee Retention Credit (ERC) provides tax credits to eligible employers whose operations were suspended due to a COVID-19 related government order. Further, for both 2020 and 2021, an employer is eligible if it experiences a 20% quarter-over-quarter decline in revenue compared to 2019, and for 2020 experiences a 50% quarter-over-quarter decline in revenue. The ERC is claimed on the employer's quarterly payroll tax filings. The ERC is based upon a percentage of eligible wages, typically gross wages as well as the employees share of health benefits paid by the employer.

We have secured millions in refunds to eligible employers including nonprofit entities.



Find out if you're eligible today!

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Call 901-683-8766.