left until April 15, 2025 - The Filing Deadline to Claim Your Refund.
ERC is a government 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 – that you can claim for your business.
Uber
John Kendrick, CFO
David Brandon, Chairman of the Board
Travis Mellish
Tim Zue, CFO
Daniel Grgorinic, Finance & Operations Director
“Bottom Line Concepts opened our eyes to creative solutions we never could have envisioned on our own.”
Mark W. Goldberg, CFO
The program began on March 13th, 2020 and continues to September 30th, 2021 for eligible employers.
You can apply for refunds for 2020 and 2021 after December 31st of this year, into 2022 and 2023. And potentially beyond then too.
We have clients who received refunds only, and others that, in addition to refunds, also qualified to continue receiving ERC in every payroll they process through September 30, 2021, at about 30% of their payroll cost.
We have clients who have received refunds from $100,000 to $6 million.
Yes. Under the Consolidated Appropriations Act, businesses can now qualify for the ERC even if they already received a PPP loan. Note, though, that the ERC will only apply to wages not used for the PPP.
Your business qualifies for the ERC, if it falls under one of the following:
To qualify, your business must have been negatively impacted in either of the following ways:
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