Contact Us for a Free Consultation (951) 319-7674

Employee Retention Tax Credit

Does your business qualify for up to $26,000 per employee?

The Employee Retention Tax Credit is the largest business tax credit in our country's history. Unfortunately, most business owners don't realize they may qualify. If you had employees during 2020 and 2021 you may be entitled to up to $26,000 per employee of tax free money.

  • Why The Employee Retention Tax Credit?

ERTC is a tax-based incentive program that helps businesses retain employees. The refundable tax credit incentivizes businesses that lost revenue due to COVID-19. Pietro Canestrelli explains that it is vital for eligible enterprises to file their tax returns during the pandemic year and claim the ERTC on their federal tax forms.

  • ERTC History

During the COVID-19 pandemic, several issues affected business operations. Some of the matters included sick time, layoffs, and employee turnover. ERTC was introduced under the CARES ACT during this time to help small and medium-sized businesses offset the costs incurred in retaining employees. The incentive compensates eligible business owners up to $26,000 per employee for employees retained in 2020 and 2021.

Employees perform an essential role in the success of any business venture. However, there is more to the success equation than just well-performing employees: retaining them can be a significant challenge. However, it can be easy to keep your most valued talent happy and motivated with the right incentives and rewards.

  • ERTC For Non-Profits

The Employee Retention Tax Credit (ERTC) is a tax credit that was established by the CARES Act to help businesses that have been affected by the COVID-19 pandemic. The ERTC is available to non-profit businesses, as well as for-profit businesses, and it provides a credit against the employer's share of Social Security taxes for each employee on the payroll.

The ERTC can be a valuable tool for non-profit businesses to help offset the costs of retaining employees during the pandemic. The credit can be applied to wages paid between March 12, 2020 and December 31, 2020, and it is equal to 50% of qualified wages up to $10,000 per employee. Non-profit businesses that have experienced a significant decline in revenue because of the pandemic may be able to use the ERTC to help them retain employees and keep their operations running.

  • What Does the Future Hold?

COVID-19 and its impacts are unlikely to be forgotten anytime soon. The pandemic raised awareness about the importance of business continuity plans. The future of tax credit programs such as ERTC depends on how efficiently and effectively lawmakers and tax professionals educate the public about it. For these tax-based incentive programs to be effective and make a difference, there is a need for more innovation and collaboration between stakeholders.

Small and medium sized businesses are the backbone of the national economy. Pietro Canestrelli explains that the program is an excellent example of how the government uses tax incentives to promote business continuity and encourage small businesses to grow.

There are a lot of organizations trying to sell ERTC services to businesses but here is why our firm is your best choice

  • We are a firm of tax attorneys who know tax law.
  • We specialize in defending clients against the IRS and we will defend all of our ERTC Clients.

  • We are local, which means you will actually have face to face meetings to answer all of your questions.

  • No upfront fees.

Call or text us for a complimentary consult to see if you qualify for this tax credit today! 951-319-7674

Contact Us Today

The Law Office of Pietro Canestrelli is committed to answering your questions about tax controversy and business law issues in California.

We offer a free consultation and we'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.

Law Office of Pietro Canestrelli, A Tax Controversy Boutique, APC
43460 Ridge Park Drive, Suite 150
Temecula, CA 92590
(951) 319-7674
Law Office of Pietro Canestrelli, A Tax Controversy Boutique, APC
16776 Bernardo Center Drive, Suite 203
San Diego, CA 92128
(858) 433-0922
951-319-7671 (fax)