ERC Form Newadminequipay2023-06-07T17:09:04+00:00 ERC Form Please enable JavaScript in your browser to complete this form. - Step 1 of 25 How much can I get from ERC? If you have multiple companies, input and qualify each company separately. Referrer Name Company name * First name * Last name * Email * Phone number * Estimate your potential employee retention credit amount This is for estimate purposes only. The actual credit is based off of documents submitted. Potential ERC amount is based off the average count qualifying for all 6 quarters of the ERC program. If you averaged over 100 full-time employees in 2020 the potential ERC amount for that year is $0 Average full-time W-2 employee count in 2020 * If you averaged over 500 full time employees in 2021 the potential ERC amount for that year is $0 Average full-time W-2 employee count in 2021 * LayoutPotential ERC amount* Potential ERC amount *This is an estimate only based on the employee counts entered and does not represent a guarantee of the credit amount you will receive, or that you will qualify for the program. By checking the box and clicking “Let’s get started” below, you consent for ERC Specialists to use automated technology, including calls, texts and prerecorded messages, to contact you at the number and email provided about business related offers. Up to 10 messages/month. Reply 'STOP' to opt-out at any time. Clicking the button below constitutes your electronic signature. Terms of Service and Privacy Policy . Let's get startedSave and Resume Later How it works The Employee Retention Credit (ERC) is a stimulus program created by the CARES Act that offers employers a significant refundable tax credit for retaining employees during the pandemic. The following questions will determine if your business qualifies. Answer the questions in the qualifying survey We’ll let you know if you qualify If you do, upload tax and payroll documentation Our team will process and file your return Please have the following information ready Average number of full-time employees for 2019 This is someone that works 30+ hrs per week Gross receipts for each quarter of 2019, 2020 & 2021 Total deposits/sales not including PPP funds Info on how government shutdowns impacted your business An example would be if your vendors experienced shutdowns and you couldn’t obtain critical goods Please do not guess, estimate, or embellish. ERC Specialists uses your answers to determine which quarters to file on your behalf. Once submitted your responses cannot be changed. BackContinueSave and Resume Later Did you pay any W-2 wages in 2020 or 2021? The ERC credit is calculated as a percentage of W-2 wages paid - 1099 wages do not qualify. Note: The wages of majority owners (over 50%) and their immediate relatives (even if paid W-2) do not qualify for the ERC program. Wages for all other W-2 employees still qualify. *YesNo List majority owners * List the first and last names of all majority owners (over 50%) and their family members contained in the payroll reports. Please keep in mind that constructive ownership rule applies. (Example: Two brothers own a business 50/50, because they are related, the constructive ownership rule applies and they are both considered majority owners.) Enter none if this does not apply.BackContinueSave and Resume Later Are you a federal, state, or local entity? The federal government, the governments of any state or political subdivision thereof, and any agency or instrumentality of those governments are not Eligible Employers and are not entitled to receive the Employee Retention Credit. However, tribal governments and tribal entities may be Eligible Employers. In general, for employment tax purposes, the IRS considers six factors in determining whether an organization is an instrumentality entity: whether the organization is used for a governmental purpose and performs a governmental function; whether performance of the organization’s function is on behalf of one or more States or political subdivisions; whether there are any private interests involved, or whether the States or political subdivisions involved have the powers and interests of an owner; whether control and supervision of the organization is vested in a public authority or authorities; if express or implied statutory or other authority is necessary for the creation and/or use of such an instrumentality, and whether such authority exists; and the degree of financial autonomy and the source of its operating expenses. Are tax-exempt employers eligible for the Employee Retention Credit? Yes, organizations described in section 501(c) of the Internal Revenue Code (the “Code”), and exempt from tax under section 501(a) of the Code, may be Eligible Employers for purposes of the Employee Retention Credit if they are employers that otherwise meet the requirements to be eligible for the credit. Are tribal governments and tribal entities eligible for the Employee Retention Credit? Yes. Any tribal government or tribal entity that carries on a trade or business may be an Eligible Employer for purposes of the Employee Retention Credit, if it otherwise meets the requirements for the credit. fedral state local entity *YesNo BackContinueSave and Resume Later When did you start your business? A recovery startup business is an employer that began carrying on a trade or business on or after February 15, 2020. Therefore, the determination of when an employer "began carrying on a trade or business" is made in the same manner as found in the purposes of section 162. In general, for purposes of section 162, a taxpayer has not begun carrying on a trade or business "until such time as the business has begun to function as a going concern and performed those activities for which it was organized". when did you start business *Before February 15, 2020 On or after February 15, 2020 BackContinueSave and Resume Later Has your business had over $1 million in gross receipts annually? *YesNo Great news! Based on your answers you qualify for the ERC Recovery Startup Business Credit. This credit applies for 3rd and 4th quarter of 2021. The credit is up to $50,000 per quarter. Click 'Continue' to provide your information.
