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Brought to you by My Franchise CPAsFinancial Recovery Options for Small to Large Businesses.
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What is the Employee Retention Tax Credit?
The ERTC is a refundable credit that businesses can claim on qualified wages, including certain health insurance costs, paid to employees.
Your eligibility as an employer is based on gross receipts of less than 80% in 2021 (versus less than 50%) in 2020 compared to the same quarter in 2019. This means if your gross receipts decline more than 20% in 2021, or by more than 50% in 2020 then you are eligible to take the credit.
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How to Qualify for the ERTC:
Employers, including tax-exempt organizations, are eligible for the credit if they operate a trade or business during calendar year 2020 and experience either:
- The full or partial suspension of the operation of their trade or business during any calendar quarter because of governmental orders limiting commerce, travel or group meetings due to COVID-19, or
- A significant decline in gross receipts.
A significant decline in gross receipts begins:
- On the first day of the first calendar quarter of 2020
- For which an employer’s gross receipts are less than 50% of its gross receipts
- or the same calendar quarter in 2019.
The significant decline in gross receipts ends:
- On the first day of the first calendar quarter following the calendar quarter
- In Which gross receipts are more than of 80% of its gross receipts
- For the same calendar quarter in 2019.
The credit applies to qualified wages (including certain health plan expenses) paid during this period or any calendar quarter in which operations were suspended.
(From IRS.gov)
* Note: taking this credit can impact your annual tax return.
ERC Recovery Now is brought to you by My Franchise CPAs. We are a full service CPA firm and can assist you with tax planning.

ERTC IS FREE MONEY!
FOR REAL.
This is NOT a loan, ERTC is a refundable credit that you are NOT REQUIRED to pay back.Here's How:
1- We help you determine whether your business qualifies for the ERC Program.2- We analyze your claim and compute the maximum amount you can receive.
3- Our team guides you through the claiming process, from beginning to end, including proper documentation.
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Employee Retention Credit FAQ
Thse are the most frequently asked questions about the Employee Retention Tax Credit.
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Pay Your Employees
Re-Stock Your Inventory
Be Ready to Open
Seize the Opportunity