What is FFCRA Tax Credit Refund
Contact FFCRA Tax Relief and speak to one of our SETC specialists and they will help you find out if you qualify for SETC Tax Credits today!
Call: (877) 749 -3195
✓ Up to $26,000 per employee
✓ ERC is NOT a loan application
✓ ERC is NOT a grant application
✓ No “forgiveness” paperwork
✓ Check from US Treasury
✓ Use money for any purpose
✓ Can also have PPP, PPP2
How do I apply for ERC, Employee Retention Credits up to $26,000
You could be eligible for an IRS grant credit of up to $26,000 per employee.
Refundable employee retention credit up to $26,000 per employee is available! Has your business been impacted by COVID-19 but still supporting your employees? You could be eligible for a refundable retention credit of up to $26,000 per employee. The credit can offset all federal tax deposits which can be 25% – 30% of payroll costs. Anything above that amount is refundable by filing the proper forms. on your federal tax returns for 2020 and/ or 2021. This is a relief payment from the government for enduring Covid-19.
For ERC Call: 877-749-3195
Is there an Employee Retention Credit Deadline? YES
Employee Retention Credit introduced by the Cares Act.
ERC Deadline
Expanded Tax Credits available for 2020, 2021, 2022, 2023.
Many employers, including tax exempt organizations, can qualify for the Employee Retention Tax Credit (ERC). For employers that qualify, including those with a PPP loan, the credit can be claimed against a portion of payroll from March 13, 2020, to June 30, 2021, and is paid directly to the business in the form of a refund check.
Claiming ERC Credit on your tax return ~ The Employee Retention Credit
COVID-19 has been a challenge for all of us. As the world shut down the economy came to a halt, leaving the future of many businesses in a precarious position. As we begin to find normalcy again, businesses now have to focus on recovering and fortunately, several government programs are easing this process.
One such program is the Employee Retention Credit or ERC, which is a generous stimulus program designed to bolster those businesses that were able to retain their employees during this challenging time. Due to the extremely complex tax code and qualifications, it is severely underutilized.