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Hours
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left until April 15, 2025 - The Filing Deadline to Claim Your Refund.

Helping American businesses reinvest in themselves.

Claim your COVID payroll refund

Some of our customers

01.

ERC Explained

How It Works

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

02.

Qualifying is fast and simple!

Many businesses like yours were impacted by Covid and will qualify.

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Change in business hours

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Supply chain or vendor interruptions

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Reduction in services offered

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Reduction in workforce or employee workloads

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Lack of travel and group meetings

Mask

... and more

Then you probably qualify for up to $26,000 per employee.

America’s Leader in Employee Retention
Credits

Trusted for
14+ years

30k+
ERC Clients

5.1B+
Recovered for Clients

Cape Cod Children’s Place’s experience with Bottom Line was exceptional. Navigating all the different financial benefits for non-profits that remained open during COVID was challenging. Bottom Line made it easy as they walked us through the application and provided to us what to expect in the process. We are fortunate to be able to support our staff that provided services during the pandemic.

Guardian

Cape Cod Children’s Place’s experience with Bottom Line was exceptional. Navigating all the different financial benefits for non-profits that remained open during COVID was challenging. Bottom Line made it easy as they walked us through the application and provided to us what to expect in the process. We are fortunate to be able to support our staff that provided services during the pandemic.

Cindy Horgan, Executive Director

Their team was available to answer my questions and provide information to help us to apply for the credit. Once we submitted information to Bottom Line, they gave us a realistic estimate of the time it would take for their team to process our application and submit it, including preparing all the necessary documentation for the IRS. They made their time commitment and again, gave us a realistic timeline for our refund to be received. I would like to give a quick shout out to all their team members for their quick responses, professionalism, and knowledge.

Steve Contreras, Business Manager

My organization is profoundly grateful to Bottom Line Concepts for helping us with our filing for The Employee Retention Credit. We received a refund in excess of $200,000. There are so many nuances to the IRS program and Bottom Line helped us navigate through all of them. I could not have done this on my own. So excited to be able to re-invest this money in our non-profit organization. I offer a 100% endorsement.

Danny Bernstein

Thank you for all Bottom Line did for me. I had made the assumption that I wouldn’t qualify for the ERC program, and was I wrong! The process was seamless and painless. I highly recommend Bottom Line Concepts to every small business I come in contact with.Thanks again!

Andy Rittberger, President

We found out about Bottom Line Concepts through a client. He encouraged us to check with them and find out if our company qualified for the ERC reimbursement. We are glad we did. BLC successfully filed the paperwork on our behalf after reviewing our financials. Reimbursement from the Department of the Treasury was approved, and refund checks were issued without any problem. We received three checks directly from the Department of the Treasury for the amounts filed for the three periods for which our company qualified. BLC was great to deal with and very efficient. I highly recommend them. They offered their services on a contingency basis, and our company was billed for services rendered, only after the refund checks were received.

Yvette Kidson, VP

How it Works

Get Qualified

We determine if you qualify

Phone

File Claim

We analyze your claim and submit the paperwork on your behalf

Files

Get Your Money

Receive up to $26,000 per employee that you don’t have to pay back to the IRS

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Trusted By:

30%

of the top 100
Law Firms

30%

of the top 100
Accounting Firms

30%

of Fortune 1000
Companies

Helping American businesses
reinvest in themselves

Don’t wait! This program will end soon!

Rolex

“Bottom Line Concepts opened our eyes to creative solutions we never could have envisioned on our own.”

Mark W. Goldberg, CFO

Frequently
Asked
Questions

Have questions? We are here to help.

No. Only W-2 employee wages can be claimed, and you cannot claim your own wages as a majority owner even if you are on a W-2 wage.

No. Only W-2 employee wages can be claimed for the credit.

Yes! You can apply for ERC, but you may not claim ERC on wages paid to family members of majority owners. This includes immediate family plus in-laws, aunts, uncles, and cousins.

Yes! Your business will be able to qualify for ERC if you had a full or partial suspension of operations.

The Employee Retention Credit (ERC) uses qualified wages as the basis for its calculation, which covers any wages paid that are subject to FICA taxes. These qualified wages can include various types of compensation, such as salaries, hourly wages, vacation pay, and certain health plan expenses, among others.

The program began on March 13th, 2020 and ends on September 30, 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 December 31, 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:

  • A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings.
  • Gross receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.

“To qualify for the ERC, an employer must meet one of the following requirements:
A significant decline in gross receipts for any eligible quarter in 2020 or 2021- defined as a 50% reduction in revenue during any quarter in 2020 compared to the same quarter in 2019, or a 20% reduction in revenue in any quarter of 2021 compared to the same quarter in 2019.

A full or partial suspension of operations – due to orders from the federal government, or a state government having jurisdiction over the employer, limiting commerce, travel, or group meetings related to COVID-19. “

“Yes, your business qualifies for the ERC with a drop in revenue if it had a significant decline in gross receipts. The meaning of a significant decline in gross receipts differs between 2020 and 2021.

In 2020, a significant decline is defined as a 50% decrease compared to the same calendar quarter in 2019.

In 2021, a significant decline is defined as a 20% decrease compared to the same calendar quarter in 2019.”

Yes. Under the Consolidated Appropriations Act (CAA), businesses can qualify for the ERC even if they already received a PPP loan. Employers are allowed to claim ERC on wages that were not paid with the proceeds of a PPP loan. It is important to note that you can’t use wages to calculate ERC that were used to qualify for PPP loan forgiveness. This is known as “double dipping” and is not permitted by the IRS.

No, unlike a loan, this credit does not have to be repaid. If audited the IRS has the right to claw back the funds.

To qualify, your business must have been negatively impacted in either of the following ways:

  • A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings.
  • Gross receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.
  • A business can be eligible for one quarter and not another.
  • Initially, under the CARES Act of 2020, businesses were not able to qualify for the ERC if they had already received a Paycheck Protection Program (PPP) loan. With new legislation in 2021, employers are now eligible for both programs.

The ERC program covers eligible wages paid to W-2 employees from March 13th, 2020 through September 30th, 2021 for eligible employers.

The employee retention credit (ERC) is a refundable payroll tax credit that was put into law through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The ERC is for businesses that continued to pay employees while shut down due to COVID -19 restrictions or had significant decline in gross receipts from March 13, 2020 to September 30, 2021. This credit offsets employment taxes paid by an employer to offer relief from the COVID-19 pandemic.  

The deadline for claiming the ERC for eligible quarters in 2020 is April 15, 2024. The deadline for claiming the ERC for eligible quarters in 2021 is April 15, 2025.

The ERC will be issued in the form of a cash refund that you will receive in the mail from the IRS. The IRS will send checks based on qualifying quarters. You may receivce several checks (e.g., one check per quarter). The IRS reserves the right to use funds as a credit towards back taxes.

“Yes, you will need to refile your income tax returns. The IRS has indicated your company’s wage expense (deduction) on their income tax return must be reduced by the amount of the ERC for the applicable tax year (2020 or 2021). You will need to file an amended federal and state income tax return for the taxable year of the credit to correct any overstated wage deduction.

Note: Any interest paid to you by the IRS would have to be reported on your income tax filing.”

The IRS issued these warnings, as there are many fly-by-night, so-called ERC “experts” or “consultants” that are misrepresenting their experiences and the parameters of the ERC program to employers. The ERC is a complicated tax program that requires deep expertise and understand of the nuances. When choosing an ERC company look for companies with a proven real track record and watch out for red flags (e..g, large upfront cost, no CPAs or tax professionals on staff)

“The IRS Audit period for ERC is:
3 years for 2020 and Q1,Q2 of 2021
5 years for Q3 of 2021 “

While the timeline may vary based on the IRS workload, we are seeing clients receive refunds within a 4-10 month timeframe from filing. The timeline may vary as the IRS’s process varies. 

The Employee Retention Credit (ERC) allows employers to claim a maximum credit amount of $26,000 per employee. For the tax year 2020, employers can claim up to 50% of qualified wages per employee, with a maximum credit of $5,000 per employee for the entire year. In contrast, for the tax year 2021, employers can claim up to 70% of qualified wages per employee per quarter, with a maximum credit of $21,000 per employee for the year. However, it’s worth noting that most businesses will only be eligible to claim qualified wages for Q1 through Q3 of 2021.

Unlike a loan or other form of business funding, the Employee Retention Credit (ERC) is a fully refundable tax credit that does not come with limitations on how it can be spent. As a result, businesses that qualify for the ERC can choose to spend their refund in any way they see fit.

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