Do you own a business and have employees?
Did you receive an Employee Retention Credit Refund?
Get your ERC Tax Refund Checks from the IRS.
No upfront fee and Free Analysis.
It’s not a Loan. You don’t have to Pay it back.
80% of businesses are qualified. Don’t miss out.
Claim your COVID Payroll Refund
- Up to $26,000 per employee
- Qualify with a Revenue Decline or Full or Partial Suspension of operations due to Governmental Orders
- You can receive refunds even if you received PPP
- No upfront fees
How it Works:
- Get Qualified
- Evaluation regarding your eligibility
- File Claim
- We analyze your claim and submit the paperwork on your behalf
- Get Your Money
- Receive up to $26,000 per employee that you don’t have to pay back to the IRS
What is the Employee Retention Credit (ERC)
The ERTC (Employee Retention Tax Credit) is a one-time Federal refundable tax credit which was created by the CARES Act on March 20, 2020, and modified by the Relief Act of 2021, American Rescue Plan Act of 2021 and Infrastructure Investment of 2021.
Qualifications
Credit Amount 2020
Generally speaking, your business may claim up to 50% of wages (up to $10,000) per employee paid March 13, 2020, and December 31, 2020 (maximum credit of $5,000 per employee).
Credit Amount 2021
Generally speaking, your business may claim up to 50% of wages (up to $10,000) per employee paid March 13, 2020, and December 31, 2020 (maximum credit of $5,000 per employee).
Qualified Wages
Qualified employee’s wages are those that were not paid with PPP monies.
The ERTC is a multi-step, multi-year process which affects your business payroll tax returns, business income tax returns and personal income tax returns. The ERTC requires qualification of the employer, qualification of the employee, identifying and separating qualified wages, performing calculations, amending payroll tax returns and business returns and maintaining records.
Frequently Asked Questions
ERC Filing Deadlines
All quarters of 2020 must be filed by April 15, 2024.
All quarters of 2021 must be filed by April 15, 2025.
Documents Required to Process the Credit:
- Quarterly Profit and loss Statements or the Gross Revenue for past 3 years
- Quarterly payroll tax returns all Qtrs
- Quarterly TWC Report all Qtrs
- Quarterly Payroll Summaries
- Detail of wages used for Paycheck Protection Program
- Forms 7200 for Advance ERTC if claimed
- Details of PPP Received and Forgiven. (Dates & Amounts of Received and Forgiven). Please provide copies of the application if you have.
- Names of the Owners and Relative worked as employees.
How long does it take for the ERC Refund to arrive?
The IRS was previously expecting to provide refunds between six weeks to six months after the revised payroll reports were filed.
You can expect a four to six-month turn around time for a refund to arrive.
Contact Info
Call us for any questions
(713) 485-5365
Write to us
info@taxxone.com