Welcome to Bottom Line Concepts:
ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.
## Maximizing the Employee Retention Credit (ERC) Program
Schedule an ERC Introduction Call
** IF YOU ONLY HAVE 1099 EMPLOYEES - PLEASE DO NOT BOOK AN APPOINTMENT; YOU WILL NOT QUALIFY FOR ERC**
ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.
Please schedule a call with one of our ERC Advisors to learn more about the ERC Program.
How It Works
Discover how the ERC program can benefit your business by watching our informative video.
About the Employee Retention Credit (ERC) Program
What is the ERC?
The Employee Retention Credit (ERC) is a stimulus program aimed at assisting businesses that retained their employees during the Covid-19 pandemic. Established by the CARES Act, this refundable tax credit is available to both small and mid-sized businesses. It is based on qualified wages and healthcare provided to employees.
- Up to $26,000 per employee
- Available for 2020 and the first 3 quarters of 2021
- Qualify through Revenue Decline or Suspension of Operations due to Government Orders
- No funding limit
How much can you claim?
For 2020, you can claim up to $5,000 per employee. In 2021, the credit can reach up to $7,000 per employee per quarter.
Eligibility Criteria:
To qualify, your business must have been negatively impacted in either of the following ways:
- Partial or full government-mandated shutdown during 2020 or 2021.
- Reduction in gross receipts compared to pre-COVID-19 levels.
Initially, the ERC was exclusive to businesses that hadn't received a Paycheck Protection Program (PPP) loan. However, recent legislation permits eligibility for both programs.
Why Choose Bottom Line Concepts?
Navigating the ERC's intricacies can be challenging. We're here to simplify it for you. Our dedicated experts provide:
- Thorough eligibility evaluations
- Comprehensive claim analysis
- Guidance throughout the claiming process
- Expertise in complex program rules
- Fast and seamless end-to-end process
- Answers to your pressing questions, such as PPP interaction and program variations
Ready to Begin?
- Eligibility evaluation
- Claim analysis and maximum amount calculation
- Guided claiming process with proper documentation
Our Services
Frequently Asked Questions (FAQs):
- Can self-employed individuals apply for ERC?
- What about 1099 employees?
- Can family members on payroll be considered?
- Is ERC applicable if business revenue increased?
- What qualifies as ERC's eligible wages?
- Which period does the program cover?
- Does PPP disqualify us from ERC?
- Is a 20% gross receipts decline necessary for eligibility?
GovernmentAid, a division of Bottom Line Concepts
Address: 3323 NE 163rd Street, Suite 302, North Miami Beach, FL 33160
Thank you for considering Bottom Line Concepts as your ERC partner. Let's maximize your benefits together!