{"id":2289,"date":"2022-09-27T02:43:53","date_gmt":"2022-09-27T02:43:53","guid":{"rendered":"https:\/\/mialeiiske.com\/test\/?p=2289"},"modified":"2022-09-27T02:45:26","modified_gmt":"2022-09-27T02:45:26","slug":"erc-tax-credits","status":"publish","type":"post","link":"https:\/\/mialeiiske.com\/test\/erc-tax-credits\/","title":{"rendered":"ERC Tax Credits for Governmental Restrictions"},"content":{"rendered":"

\"ercThe Employee Retention Credit program was written to return a portion of the payroll taxes paid during the COVID-19 pandemic in the form of ERC tax credits.\u00a0 These funds are saving many businesses from closing because the funds are non-taxable and can be spent as the business owner sees fit.<\/p>\n

Unfortunately, the many misunderstandings around the program have caused business owners to lose trust in the process.\u00a0 Applying for the ERC requires payroll tax expertise that is out of the reach of many small businesses.\u00a0 You have come to the right place.<\/p>\n

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\"erc<\/a><\/p>\n

Access to payroll specialists will make the ERC tax credits process easier than you can imagine.\u00a0 Every step is clear and easy to complete.\u00a0 The most difficult part, the calculation, will be performed by people will decades of payroll experience.\u00a0 Even if your accountant told you that your business does not qualify, you and I can complete the qualification process.\u00a0 In a matter of a few minutes after gathering your profit and loss reports for 2019, 2020 and 2021, you can have an estimate of the payroll tax credits you are due from the tax department.<\/p>\n

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\"erc-tax-credits\"<\/p>\n

 <\/p>\n

Maybe your income did not decrease, and you took out PPP loans.\u00a0 If you had other impacts, including supply chain issues, this IRS notice could apply to you:<\/strong><\/p>\n

 <\/p>\n

\u201cPer IRS Notice 2021-20, an employer may be considered to have a full or partial
\nsuspension of operations due to a governmental order if, under the facts
\nand circumstances, the business\u2019s suppliers are unable to make deliveries
\nof critical goods or materials due to a governmental order that
\ncauses the supplier to suspend its operations. This supply chain disruption
\nunder the facts and circumstances would qualify the employer
\nfor the Employee Retention Credit (ERC).\u201d<\/em><\/p>\n

 <\/p>\n

ERC Tax Credit History<\/h2>\n

The Employee Retention Credit (ERC) Program was written in 2020 to refund payroll tax credits to American business owners with full-time W-2 employees.\u00a0 Business owners were encouraged to retain employees with the promise of recovering some of those costs in the form of non-taxable credits.\u00a0 Under this program, you could recover up to $26,000 per eligible full-time employee.<\/p>\n

 <\/p>\n

\"erc-tax-credits\"The America Rescue Plan has expanded the policy with an amendment that lengthens the time period to include the wages paid from March 22, 2020 through September 30, 2021.\u00a0 Each quarter is evaluated separately as compared to the same quarter of 2019.\u00a0 An amazing 80% of all American employers have the potential to qualify for the Employee Retention Credit.<\/p>\n

If you are uncertain if your business qualifies, click the button right now and let\u2019s find out.<\/p>\n

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\"erc<\/a><\/p>\n

 <\/p>\n

Supply Chain Issues & ERC Tax Credits<\/strong><\/h2>\n

\"erc-tax-credits\"Every type of business has experienced some level of supply chain interruption.\u00a0 None of us realized that the arrival of goods has a very broad definition.\u00a0 Without products, the shelves were empty and customers were unable to buy.<\/p>\n

That is a supply chain interruption.<\/strong><\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\"erc-tax-credits\"<\/p>\n

Without components and parts, factories were unable to assemble products to sell to retailers on the wholesale markets.\u00a0 Factories fell silent when one part would arrive, but not the remaining components for complex products.<\/p>\n

That is a supply chain interruption.<\/strong><\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\"erc-tax-credits\"For the auto shop that keeps our vehicles on the road, the lack of auto parts prevented important repairs from being conducted.\u00a0 As people stayed home longer, the automobiles developed other problems from lack of use.\u00a0 Batteries were difficult to find.\u00a0 Oil was scarce, which prevented routine maintenance actions.<\/p>\n

That is a supply chain interruption.<\/strong><\/em><\/p>\n

 <\/p>\n

 <\/p>\n

Even if your business was not shutdown directly, or deemed non-essential, the disruptions came from every direction.\u00a0 Your suppliers might have been deemed non-essential.\u00a0 Customers became frustrated because the simplest products were not available when needed.<\/p>\n

Profitable businesses that accepted PPP loans are still able to claim the ERC because of government regulations that stopped business operations.<\/p>\n

 <\/p>\n

Reduced Capacity & Social Distancing Restrictions<\/strong><\/h2>\n

Churches were entirely shutdown with the directive to \u2018reduce the spread\u2019 of the virus.\u00a0 Those churches, temples and synagogues with full-time W-2 employees can qualify for the ERC program.\u00a0 The same process applies because even non-profit organizations pay payroll taxes.<\/p>\n

For profit businesses, like restaurants were told to operate without the dining room.\u00a0 Imagine the scramble that happened in March 2020, when the refrigerators and freezers were full of food and no one could come inside to eat.\u00a0 Creative restaurant owners switched to online orders and customers took food home to eat with their families.\u00a0 Many were able to serve more people each day because the dining room limits were gone.<\/p>\n

\"erc<\/p>\n

Even retailers were told to limit the number of people in the establishment based on the fire marshal capacity limit.\u00a0 Sometimes the capacity was reduced to 50% while everyone tried to stay six feet apart.\u00a0 Fewer customers in the store meant that each affected retailer suffered significant loss in sales, which were impacted by empty shelves from supply chain interruptions.<\/p>\n

Countless interruptions resulted from factory stoppages.\u00a0 Products that were not produced and shipped affected construction projects for hotels, houses and schools.\u00a0 Furniture, carpet, draperies, appliances, fixtures and every type of furnishing used in living and workspaces are just now arriving.<\/p>\n

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How Are the Impacts of Governmental Restrictions Reported?<\/strong><\/h2>\n

Gross receipts in 2020 and 2021 are compared to 2019 quarter by quarter.\u00a0 Significant losses are reported as a percentage.\u00a0 The IRS considers a 50% drop in 2020, as compared to 2019, and a 20% drop in 2021 in comparison to 2019. \u00a0Each quarter is compared to the same quarter in each year.\u00a0 Even if your business made more money, you can still qualify for the ERC program.<\/p>\n

 <\/p>\n

\"erc-tax-credits\"<\/p>\n

 <\/p>\n

How Much Money is Available to Your Business?<\/strong><\/h2>\n

Qualifying businesses can collect up to $26,000 per employee under the ERC program.\u00a0 In 2020, the maximum credit is equal to 50% of the eligible employee wages (up to $10,000 in wages), which is a maximum payout of $5,000 per employee.<\/p>\n

In 2021, the maximum credit is equal to 70 percent of the eligible employee wages, which equals $7,000 in tax credits per quarter for the first three quarters of 2021.<\/p>\n

If every employee were to qualify for every possible credit in both years, all six quarters, your business could receive up to $26,000 per full-time W-2 employee.<\/p>\n

 <\/p>\n

\"erc-tax-credits\"<\/p>\n

 <\/p>\n

Finding every possible credit is our specialty.\u00a0 Payroll experts with decades of experience have studied the ERC program legislation in detail.\u00a0 Once we complete the questionnaire, you will know the estimated amount that you can claim from the IRS.<\/p>\n

Most importantly, don\u2019t wait another day to contact me and get started.\u00a0 Congress allocated a certain dollar amount in ERC tax credits.\u00a0 Business owners are going to want to get started.<\/p>\n

Refuse to leave one dollar on the table.\u00a0 You could have funds for your project if you act today and claim the ERC tax credits you deserve to collect.<\/p>\n

Claim Your Valuable ERC Tax Credits Today!<\/h3>\n

 <\/p>\n

“What you do today can improve all your tomorrows.”<\/em><\/p>\n

~ Ralph Marston<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Employee Retention Credit program was written to return a portion of the payroll taxes paid during the COVID-19 pandemic in the form of ERC tax credits.\u00a0 These funds are saving many businesses from closing because the funds are non-taxable and can be spent as the business owner sees fit. Unfortunately, the many misunderstandings around […]<\/p>\n","protected":false},"author":1,"featured_media":2297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[53,54,57,60],"class_list":{"0":"post-2289","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-employee-retention-credit","8":"tag-employee-retention-credit","9":"tag-erc","10":"tag-erc-tax","11":"tag-erc-tax-credit","12":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/mialeiiske.com\/test\/wp-json\/wp\/v2\/posts\/2289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mialeiiske.com\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mialeiiske.com\/test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mialeiiske.com\/test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mialeiiske.com\/test\/wp-json\/wp\/v2\/comments?post=2289"}],"version-history":[{"count":0,"href":"https:\/\/mialeiiske.com\/test\/wp-json\/wp\/v2\/posts\/2289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mialeiiske.com\/test\/wp-json\/wp\/v2\/media\/2297"}],"wp:attachment":[{"href":"https:\/\/mialeiiske.com\/test\/wp-json\/wp\/v2\/media?parent=2289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mialeiiske.com\/test\/wp-json\/wp\/v2\/categories?post=2289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mialeiiske.com\/test\/wp-json\/wp\/v2\/tags?post=2289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}