Employee Retention Credit (Employee Retention Credit) is another government subsidy to help small and medium-sized enterprises survive the new crown epidemic after the Payroll Protection Program loan in the United States; it is called the sister article of the PPP loan .
Its most intuitive function is to help small and medium-sized enterprises increase their cash flow.
In other words, everyone can do it again!money!La!
PART01
What is the retention of employee bailout funds?
PART02
How much ERC can employers get?
$2020 per employee for the four quarters of 5,000.
In 2021, each employee will be $7,000 per quarter, for a total of $28,000 for the four quarters.
So employers can apply for $33,000 per employee.
The specific calculation is as follows:
$7000
Retained employee bailout for 2021/quarter
× 4
✖️Four quarters
= $ 28000
Retained employee bailouts for the whole year of 2021
+ $ 5,000
+ 2020 Retained Employee Bailout Fund
= $ 33000
Total retained employee bailout funds
The money is mailed to your company in the form of a check.
PART03
Which employers or companies are eligible?
As part of the bailout, the employee retention tax allowance is mainly aimed at small businesses that are struggling in the epidemic.
At present, Innovation Refunds (hereinafter referred to as IR) has helped more than 6000 companies apply for cash checks of US$4.5 million.
The main customers of IR services are:
The number of employees in company W2 is greater than or equal to 5 and less than 500.
The company was established before February 2020.
Company operations are affected by the new crown epidemic, such as social distancing orders and mask orders that reduce company operating time and reduce company office efficiency, etc.; or because of the new crown epidemic, corporate revenue has decreased.Remember yes or, even if the company's revenue increases but its operations are affected or restricted, it can still be eligible.
Unfortunately, it seems that large institutions such as banks no longer accept ERC applications.
Therefore, if there is a boss who needs to apply for ERC, you can choose IR for free consultation and handling.
The following is the contact information of Chinese customer service (Joyce Zhou):
PART04
Why choose IR?
speak Mandarin
In order to better help Chinese employers, we provide Chinese services throughout the process.
Free evaluation
The professional CPA and lawyer team will evaluate you for free.IR does not charge a certain percentage of fees until you get the money.
100% success rate
The most professional and top accountants and tax lawyers are responsible for the application, and the pass rate is 100%.
Quality after-sales service
If the tax is checked by the National Taxation Bureau, the innovative tax refund will be responsible for the entire process.
Backed by a strong consortium
The Irvine family, a real estate developer with strong financial resources, as one of the partners, and UBS as an investment partner, has a very high business reputation.
END
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