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Frequently Asked Questions

ERTC 2021 and ERTC 2020 Common Questions We Get

Learn More about the Employee Retention Tax Credit (ERTC/ERC) Program

Simply read below for some common questions and answers about the Employee Retention Tax Credit (ERC / ERTC) Program.

  • What is the Employee Retention Tax Credit?

    The ERTC is a refundable payroll tax credit that was enacted as part of the CARES Act in March 2020. It was further enhanced by the Consolidated Appropriations Act of 2021 (CAA).

  • How Much Can I Claim?

    You can claim up to $26,000 per eligible employee under the Consolidated Appropriations Act of 2021 update.

  • What's My Risk?

    To find out if your business may be eligible for the ERTC and provide you with a preliminary refund estimate there is no risk and no obligation

  • Do I Qualify?

    It depends if your business was affected by the COVID pandemic and you experienced a reduction in revenue or business interruption.

  • I Received PPP. Can I Still Qualify?

    Yes, but there are some specific rules that apply. Some additional analysis has to be performed maximize your benefit as you can't use the same wages for both the PPP loan forgiveness and the ERTC.

  • How Long Does it Take?

    The application, review, and calculation process can be done in about a week for simple cases and 2-3 weeks for more complex business scenarios. Once the amended payroll tax returns are submitted to the IRS, the refund can be issued at any time.