ERC Form- Test Badminequipay2023-03-10T13:57:18+00:00 Please enable JavaScript in your browser to complete this form. - Step 1 of 27 How much can I get from ERC? If you have multiple companies, input and qualify each company separately. Step 1 - 4 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 Occams Advisory 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 started 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. Occams Advisory uses your answers to determine which quarters to file on your behalf. Once submitted your responses cannot be changed. BackContinue 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.BackContinue 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 BackContinue 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 businessBefore February 15, 2020 On or after February 15, 2020 BackContinue 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. BackContinue Great news! Based on your answers, you qualify for the ERC program! LayoutEstimated credit amount Up to $50,000 Per Quarter This is an estimate based on the responses and employee counts provided and is not a guarantee of your credit amount or qualification. Many factors are evaluated during your ERC analysis. If we determine you qualify, this number could be much higher or lower. Important Please add support@occamsadvisory.com & processing@occamsadvisory.com to your email safe sender list or you may not receive communication as your ERC credit is processed. For instructions, click here. BackContinue 2019 full-time employees A full-time employee is classified as someone that worked at least 30 hours per week, or 130 hours per month in 2019. Remember, this question is based on the average amount of employees during 2019. Important: The IRS aggregate rule applies to the ERC credit. If your company has common ownership with other companies, please take into account all associated businesses when calculating this question. To learn more about this rule and if it applies to your business read here: What is an Aggregated Large Employer? Example: The business owner was the majority owner of ABC Company, which averaged 50 FT employees in 2019. The same business owner was also the majority owner of 123 Company, which averaged 75 FT employees in 2019. According to the aggregate rule, the employee count of both companies must be combined for the ERC program. Although both companies can be entered for the program, they would both be classified as having over 100 employees. Note: Businesses with over 100, but under 500 FT employees in 2019 do not qualify for ERC funds in 2020. Businesses with over 500 FT employees in 2019 do not qualify for the ERC program, except for actual wages paid to employees that did not work due to a government shutdown. Part-Time Employees: Part-time employee wages do qualify for the ERC program. This question only requires full-time employee count to determine qualification. How many full-time employees did you average in 2019? *My business averaged fewer than 100 full-time employees in 2019My business averaged over 100, but under 500 full-time employees in 2019 My business averaged over 500 full-time employees in 2019 BackContinue ERC qualification options There are three ways to qualify for ERC. Please answer the questions in the following sections to determine your eligibility for the program. Revenue reduction Supply disruption Full or partial suspension BackContinue Revenue reduction The most straightforward way to qualify for the Employee Retention Credit is from a qualified revenue reduction during the qualification period of the program. Revenue reduction qualifications 2021 - 20% reduction of gross sales for the 2021 quarter as compared to the same quarter in 2019 (or 2020 if you were not in business during the quarter in 2019). The alternative lookback option allows the business to use the previous quarter compared to the same 2019 quarter to qualify. Did you experience any revenue reductions in 2021? *YesNo Revenue reduction qualifications 2020 - 50% reduction of gross sales for the 2020 quarter as compared to the same quarter in 2019. When/if the revenue reduction in 2020 gets back to 80% of the 2019 level, the qualification ends. 2021 - 20% reduction of gross sales for the 2021 quarter as compared to the same quarter in 2019 (or 2020 if you were not in business during the quarter in 2019). The alternative lookback option allows the business to use the previous quarter compared to the same 2019 quarter to qualify. Did you experience any revenue reductions in 2020 or 2021? *YesNo BackContinue Revenue reduction Were your gross receipts (total deposits) for at least one quarter in 2020 less than 50% of your gross receipts for the same quarter in 2019? Example: Q3 of 2020 had less than 50% of gross receipts as compared to Q3 of 2019. *YesNo BackContinue Revenue reduction Which 2020 quarters were you down 50% of gross compared to 2019 levels?Q2Q3Q4 BackContinue Revenue reduction Did your gross receipts get back to 80% of 2019 pre-COVID levels? In any quarter of 2020 did your gross receipts return to 80% of pre-COVID levels?YesNo BackContinue Revenue reduction Which quarter did your gross receipts get back to 80% of 2019 levels of the same quarter?Q3Q4 BackContinue Q1 2021 revenue qualifier Which qualifications apply to your business?My Q1 2021 gross revenue was 20% lower than Q1 2019 (or Q1 2020 if not in business in Q1 2019) This does not apply to my business BackContinue 2021 - Q1 Alternative Quarter Revenue Qualifier Since you did not have a 20% revenue reduction in Q1 2021 as compared to Q1 2019, you can utilize the previous quarter to potentially qualify. Were your Q4 2020 gross revenues 20% lower than your Q4 2019 gross revenues?YesNo BackContinue Q2 2021 revenue qualifier Which qualifications apply to your business?My Q2 2021 gross revenue was 20% lower than Q2 2019 (or Q2 2020 if not in business in Q2 2019) This does not apply to my business BackContinue Q3 2021 revenue qualifier Which qualifications apply to your business?My Q3 2021 gross revenue was 20% lower than Q3 2019 (or Q3 2020 if not in business in Q3 2019) This does not apply to my business BackContinue Supply disruption Supply chain disruption is a common qualification for businesses that rely on vendors and suppliers for their business to function properly. This qualification must have resulted from a government suspension order to your supplier that resulted in the supplier not being able to deliver critical goods, but may continue beyond the original suspension order. The specific requirements for this qualification are listed below. These impacts qualify a company regardless of revenue gain or loss. Please reference the IRS notices pertaining to supply chain disruption qualification: Notice 2021-11 & Notice 2021-20. Supply disruption qualifications More than Nominal Impact - The supply chain disruption due to vendor shutdowns must have resulted in a more than 10% impact on your business. This can be directly from the reduction of sales from the inability to procure the supply item, or from the impact not being able to procure the item had on your business. To calculate the more than 10% impact, evaluate the impact of the supply item on your 2019 gross receipts. For example, if you were not able to procure pallets for the shipping of goods, consider how much of your business relied upon pallets in order to operate in 2019. If it was more than 10%, this qualification can apply. No Replacement Supplier - Your business must not have been able to find a reasonable replacement supplier for the supply item affected by the government suspension order. BackContinue Supply disruption Did you experience a supply chain disruption due to a COVID government ordered suspension on your supplier? *YesNo The cumulative impact of the disrupted supply items must have directly or indirectly represented more than 10% of gross sales in 2019. This does not mean that your revenue must have decreased to use this qualification. If you were able to find a replacement supplier that resulted in a less than 10% impact on your business, this qualification does not apply.In which 2020 quarters was your business impacted more than 10% due to the cumulative impact of any disrupted supply items? This does not mean revenue must have decreased during the 2020 quarters. 2020 - Q2YesNo 2020 - Q3YesNo 2020 - Q4YesNo In which 2021 quarters was your business impacted more than 10% due to the cumulative impact of any disrupted supply items? This does not mean revenue must have decreased during the 2021 quarters. 2021 - Q1YesNo 2021 - Q2YesNo 2021 - Q3YesNo Checkboxes *My business was not able to find a reasonable replacement supplier for any of the disrupted supply items. BackContinue Full or partial suspension The partial or full shutdown qualification is based on a "suspension test" to demonstrate that your operations were partially or fully suspended due to a Covid-19 governmental order. Keep in mind that a government restriction may have had a direct impact on your operations even though that shutdown order wasn't given to you directly. Important: This qualification only applies during the period of the actual government order. Since there were very few government shutdown orders during 2021, the actual shutdown type of this qualification mainly applies to 2020 quarters. However, if the impact of shutdowns affected your business beyond the actual shutdown period, this qualification may apply. Please reference the IRS notices pertaining to suspension qualification: Notice 2021-20, Notice 2021-23, Notice 2021-33 & Notice 2021-49. Full or partial suspension qualification requirements More than Nominal Impact - The partial suspension from a government order must have had a more than nominal effect, which means it affected more than 10% of business operations. This impact can come from a reduction in business hours of 10% or more, or a suspension of your business operations that represented 10% or more of gross receipts as compared to 2019. (This does not mean that a 10% reduction in sales is required to qualify, but the order must have suspended at least 10% of your revenue-producing operations.)Hourly example: Government orders required a restaurant to close 2 hours early due to curfew requirements. The 2 hours represented 15% of the business working hours. This business qualifies for the period affected by the government order.Gross receipts example: Government orders required a radiology clinic to stop elective procedures during Q2 & Q3 of 2020. The business reviewed its gross receipts for Q2 & Q3 of 2019 and determined that the suspended elective procedures represented 18% of its total gross receipts during those quarters. This business qualifies for these two quarters. Inability to Convert to Telework - If the business was able to effectively convert to a remote work environment that mitigated the nominal impact on the business, they do not qualify for the suspension qualification. IRS Examples An employer that operates an essential business is not considered to have a full or partial shutdown if government orders allow them to remain open. However, an employer that operates an essential business may be considered to have a partial suspension if more than a nominal portion of its business operations are suspended. The partial suspension qualification applies if employers could not obtain telework capabilities that allowed their business to operate as usual (adequate IT support etc). It also applies if the employee's work was not portable, or the presence of an employee in the physical workspace plays a critical role. If an employer's workplace is closed due to a government order for certain purposes, but the employer's workplace may remain open for other limited purposes, the employer's operations would be considered to be partially suspended if more than a nominal portion of the business cannot be performed. A restaurant must close its on-site dining or every other table due to government orders but can still operate its drive-thru or carry-out service. This would be considered partially suspended. Note: For any periods you qualify you will be required to provide a brief description of the more than nominal effect on your business to substantiate your claim. BackContinue Full or partial suspension The cumulative effect of the full or partial suspensions must have had a more than 10% impact on your business operations when considering the gross receipts of that portion of your business in 2019. This does not mean that your revenue must have decreased to use this qualification. Did you experience a full or partial suspension due to a COVID government order? *YesNo Type of suspension------------------Reduction in HoursInability to Access EquipmentReduction in Services OfferedReduction in CapacityTravel RestrictionsActual Suspension Brief description of suspension CheckboxesI have another suspension to claim Type of suspension------------------Reduction in HoursInability to Access EquipmentReduction in Services OfferedReduction in CapacityTravel RestrictionsActual Suspension Brief description of suspension In which 2020 quarters were you impacted by these suspensions? 2020 - Q2YesNo 2020 - Q3YesNo 2020 - Q4YesNo In which 2021 quarters were you impacted by these suspensions? 2021 - Q1YesNo 2021 - Q2YesNo 2021 - Q3YesNo BackContinue Congratulations! Based on your answers, you qualify for the following quarters! Depending on your qualifications, you will see your substantiation statements below. These statements will be retained to substantiate your claim with the IRS. Supply Chain Disruption Substantiation Statement Under the facts and circumstances, abc is claiming the Employee Retention Credit for 2021 Quarters - Q1, Q2, Q3, due to supply chain disruption that affected one or more suppliers, making them unable to make deliveries of critical goods or materials. The supply item(s) caused a more than nominal impact on abc, which was not able to find a replacement supplier. BackContinue In 2020, how many W-2 employees did you average? In 2020, how many W-2 employees did you average? This is used to provide an estimate of your possible credit. An exact employee count is not necessary. We will calculate your actual credit based on the payroll documents submitted.Estimated 2020 credit amount per qualified quarter: BackContinue In 2021, how many W-2 employees did you average? In 2021, how many W-2 employees did you average? This is used to provide an estimate of your possible credit. An exact employee count is not necessary. We will calculate your actual credit based on the payroll documents submitted.Estimated 2021 credit amount per qualified quarter: BackContinue Great news! Based on your answers, you qualify for the ERC program! LayoutEstimated credit amount Final Predicted Amount show with 2020 This is an estimate based on the responses and employee counts provided and is not a guarantee of your credit amount or qualification. Many factors are evaluated during your ERC analysis. If we determine you qualify, this number could be much higher or lower. Important Please add support@occamsadvisory.com & processing@occamsadvisory.com to your email safe sender list or you may not receive communication as your ERC credit is processed. For instructions, click here. BackContinue Confirm your information If you have multiple companies, input and qualify each company separately. Your Information First Name Last Name Email * Phone Job Title Company Information Company Name Address City State------------AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming Zip Code What industry are you in? Optional - Email of the individual that handles your payroll. (We will email them a copy of your document upload link) * Who introduced you to Occams Advisory? Checkboxes * By checking you attest that the answers provided are accurate to the best of your knowledge and agree to our terms & conditions.By checking you agree to keep documentation on file that substantiates claims made in this application in the event of an audit from the IRS. Based on your responses, you do not qualify for the ERC Program. Back Submit