Attention business owners:
Are you missing out on this significant tax credit up to $26,000 per employee? Find out today!
The Employee Retention Tax Credit
The ERTC is the largest business tax credit in our nations 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.
- Even if you received PPP loans you may still qualify.
There are a lot of organizations trying to sell ERTC services to businesses, but here is why The Law Office of Pietro Canestrelli 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.
- Free consultation.
What is the Employee Retention Credit (ERC)?
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.
Not sure what the ERC credit is? Learn from this video.
How much money can you get back?
You can claim up to $5,000 per employee for 2020. For 2021, the credit can be up to $7,000 per employee per quarter.
Does my business qualify for ERC?
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, though, cannot apply to the same wages as the ones for PPP
Why work with Pietro Canestrelli?
Our dedicated experts will guide you and outline the steps you need to take so you can maximize the claim for your business.
Maximize your return
Proven Track Record of Working With Business Across The Nation
Fast, Streamlined, Easy-To-Follow Process
Specialized Knowledge of The ERTC
Expertise From Small Business to Large Complex Applications
Thousands Of Happy Clients & Businesses
Ready To Get Started? It's Simple.
- Click the “Get Qualified” button below. We will reach out and schedule a call with you to determine and confirm that your business qualifies for the ERC.
- We analyze your claim and compute the maximum amount you can receive.
- Our team guides you through the claiming process, from beginning to end, including proper documentation.
DO YOU QUALIFY?
Answer a few simple questions.
Frequently Asked Questions (FAQs)
WHAT PERIOD DOES THE PROGRAM COVER?
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
DO WE STILL QUALIFY IF WE DID NOT INCUR A 20% DECLINE IN GROSS RECEIPTS?
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.
DO WE STILL QUALIFY IF WE ALREADY TOOK THE PPP?
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.
DO WE STILL QUALIFY IF WE REMAINED OPEN DURING THE PANDEMIC?
Yes. To qualify, your business must meet either one of the following criteria:
- Experienced a decline in gross receipts by 20%, or
- Had to change business operations due to government orders
Many items are considered as changes in business operations, including shifts in job roles and the purchase of extra protective equipment. The ERC, in this case, also applies only for Q3 and Q4 of 2021. Businesses can qualify, regardless of the number of full-time employees.
Contact The Law Office of Pietro Canestrelli for assistance with various forms of financial relief, particularly, the Employee Retention Credit Program.
The Law Office of Pietro Canestrelli, A Tax Controversy Boutique
We negotiate on behalf of our clients to get the best prices possible from their existing vendors. We audit old invoices for errors getting our clients refunds and credits. We increase the profitability and overall valuation of our client's organizations.