Ultimate ERC
Your Business is 15 Minutes Away From Landing a Six Figure Check on Your Desk in the Next 45 days.
Claim your ERC Refund:
Up to $26,000 per employee retained during 2020 and 2021.
We specialize in maximizing the Employee Retention Credit (ERC) Program by providing a quick, simple, and streamlined process.
No Upfront Fees
We have helped thousands of small and mid-sized businesses qualify for the ERC
If your business was harmed by the pandemic, you could be eligible for this grant!
The Employee Retention Credit (ERC) is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.
The CARES Act established the ERC as a refundable tax credit - a grant, not a loan - that you can claim for your business. The ERC, which is based on qualified wages and employee healthcare, is available to both small and medium-sized businesses.
What We Provide
A complete analysis of your eligibility and claim
Guidance on the documentation and claiming process
Program-specific knowledge that a typical CPA or payroll processor does not possess
Quick and easy end-to-end process from eligibility to claiming and receiving refunds
Guaranteed Audit Defense
Procurement of financing for eligible companies
What is the maximum amount of money you can recover?
For 2020, you may claim up to $5,000 per employee. The credit can be worth up to $7,000 per employee per quarter in 2021.
About the ERC Program:
- Up to $26,000 per employee
- Available for 2020 and 3 quarters of 2021
- Qualify with decreased revenue or COVID event
- No limit on funding
- ERC: a refundable tax credit.
What is the Employee Retention Credit (ERC)?
The ERC is a stimulus program created to assist businesses who were able to keep their staff members during the Covid-19 outbreak. Established by the CARES Act, it is a refundable tax credit – a grant, not a loan – that you can claim for your business. Small and medium-sized companies can use the ERC. It is based on the eligible salary and health benefits given to employees.
What is the maximum amount available to recover?
For 2020, you may claim up to $5,000 per employee. The credit can be worth up to $7,000 per employee per quarter in 2021.
Is my business eligible for ERC?
Your business must shut down completely or partially in 2020 or 2021 per a government order. This includes the inability to travel, the limiting of group gatherings, or your business activities being constrained.
The gross receipt reduction requirements for 2020 and 2021 are different, however they are calculated against the current quarter as opposed to 2019 pre-COVID levels.
A business can be eligible for one quarter and not another.
Businesses who have previously received a Paycheck Protection Program (PPP) loan were initially unable to apply for the ERC under the CARES Act of 2020. Employers are now qualified for both programs per 2021's new law. But salaries that qualified for PPP cannot be covered by the ERC.
Not sure if your business qualifies? Click Below to Learn More!
Why Choose Ultimate ERC?
The ERC has undergone several modifications with many confusing technical detals, such as how to identify eligible employees and compute qualifying salaries. The unique circumstances of your business will require a thorough assessment and analysis. The program is complex and might leave you with many unanswered questions.
Ultimate ERC can assist you in making sense of it all. Our specialized professionals will advise you and describe the actions you must take in order to optimize the claim for your company.
Why work with Ultimate ERC Professionals?
Maximize your ERC refund.
We understand ERC and how to ensure you maximize your grant of up to $26k per employee.
Proven Track Record
Our team has worked with an array of small, medium and large companies nationwide.
Quick, simplified, and easy-to-follow process
ERC involves a lot of work and takes time. To acquire your grant, we specialize in making the procedure as simple and straightforward as possible.
Specialized ERC knowledge
Payroll processors and CPAs occasionally lack ERC knowledge. This is one of our areas of expertise.
Proficiency from small business to large complicated organizations
We work with ERC-eligible businesses of all kinds. This means we are capable of handling your unique needs.
Safe
We are a no-risk, contingency based cost-savings firm, so you only pay if you are approved for a refund.
Our services include:
- A thorough assessment of your eligibility
- A complete analysis of your claim
- Guidance on the documentation and claim procedure
- Program-specific knowledge that a typical CPA or payroll processor might not possess
- Quick and easy end-to-end process from determining eligibility to claiming and receiving refunds
Dedicated professionals will help you comprehend the intricate program regulations and respond to your inquiries, such as:
- What impact does the PPP loan have on the ERC?
- What are the distinctions between the 2020 and 2021 rules, and how do they affect your company?
- What are the aggregation rules for bigger, multi-state employers, and how do I properly coordinate executive orders from multiple states?
- How do part-time, union, and tipped employees influence the amount of my refunds?
Ready To Get Started? It's Easy.
1. We assist you in determining whether or not your business is eligible for the ERC Program.
2. We evaluate your claim and determine the highest sum you are eligible to receive.
3. Our team of experts helps you with all aspects of the claim procedure, including the required paperwork.
Frequently Asked Questions (FAQs)
What is the Employee Retention Credit or ERC?
The ERC is a stimulus program created to assist businesses who were able to keep their staff members during the Covid-19 outbreak. Established by the CARES Act, it is a refundable tax credit – a grant, not a loan – that you can claim for your business. Small and medium-sized companies can use the ERC. It is based on the eligible salary and health benefits given to employees.
How long does the ERC last?
Available for 2020 and the first three quarters of 2021. ERC is reported on a corrected quarterly payroll tax return (Form 941X). When the IRS has finished processing Form 941X, a check for the credit amount plus interest is sent to the taxpayer. For purposes of claiming the Employee Retention Credit for the second quarter of 2020, an updated payroll tax return must be filed by July 2023 since the statute of limitations for submitting amended payroll tax returns is three years from the due date of the return. Applying for the credit is still therefore possible.
How do I qualify?
There are three ways to qualify:
- FULL OR PARTIAL SUSPENSION OF BUSINESS OPERATIONS
Your business must have partially or completely shut down in 2020 or 2021 per a government order. This includes having your business operations restricted, being unable to travel, or having group gatherings prohibited. - GROSS RECEIPTS REDUCTION
When comparing the current quarter to 2019 pre-COVID levels, the 2020 and 2021 gross receipt reduction requirements are different. - RECOVERY STARTUP PROVISION
Businesses who started operations on or after February 15, 2020 and had annual sales averages of less than $1 million in 2020 and 2021 are immediately eligible for up to $7000 per employee, with a cap of $50,000 each quarter in Q3 and Q4 of 2021.
No revenue decline, do I still qualify?
There are three criteria for eligibility: a change in business operations, a drop in income, or startup status. You don’t need to have a revenue loss to be eligible; in fact, many firms who had an increase in sales were still eligible.
I took PPP, do I still qualify?
According to section 206(c) of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, an employer qualifying for the employee retention credit (ERC) can claim the ERC even if the firm has received a Small Business Interruption Loan under the Paycheck Protection Program (PPP).
What qualifies as operational changes?
Here are some factors to consider in order to qualify your business for the Employee Retention Credit:
- A shift in business hours
- SPartial or complete suspension of operations.
- Interruptions or closure of supply chain or vendor
- Reduced services provided.
- Workforce or employee workload reductions
- A interruption or disruption in your business (division or department closures)
- Inability to visit a client’s work site
- Suppliers were unable to make key products or materials delivery.
- Additional employee and customer distance needs due to social distancing
- Changes in job functions/roles
- Tasks or labor that cannot be completed from home or while shifting to remote working circumstances
- Inability to travel
- Inability to hold group meetings
Do we still qualify if we remained open during the pandemic?
Yes. To qualify, your business must fulfill one of the following criteria:
– Experienced a 20% decrease in gross receipts, or
– Due to government orders, you had to adjust your company operations.
Many elements are considered alterations to business operations, such as job role changes and the acquisition of additional protective equipment. In this situation, the ERC also applies only to the third and fourth quarters of 2021. Businesses can qualify regardless of how many full-time employees they have.
Do we still qualify if we already took the PPP?
Yes. Businesses who have already obtained a PPP loan can now qualify for the ERC under the Consolidated Appropriations Act. It should be noted, however, that the ERC will only apply to salaries that are not utilized in the PPP.
What period does the program cover?
For qualifying employers, the program began on March 13, 2020 and run through September 30, 2021.
After December 31st of each year, you can claim for refunds for 2020 and 2021, as well as into 2022 and 2023. And maybe beyond that as well.
We have clients that only received refunds, and others who qualified to continue getting ERC in every paycheck they submitted through September 30, 2021, at around 30% of their payroll cost.
Clients have gotten refunds ranging from $100,000 to several million dollars.
Why should I work with Ultimate ERC?
• We charge no upfront or hourly fees. Our interests are aligned with yours. We only get paid if you receive your ERC Refund.
• We will accurately identify your ERC Refund.
• We will work with your accountant to procure your ERC Refund, just as we do with so many other businesses like yours nationwide.
• We will do it right the first time. Errors and inconsistencies are all too easy to make and ensure your application goes to the bottom of the stack, delaying your application indefinitely, potentially for over a year.
• Ultimate ERC charges a single 30% performance fee on every case, which includes all of our optimization, operational, accounting, and audit support fees. Our fees also cover our costs related to finding potential financing sources related to any Refund Advances. However, Ultimate ERC’s fees do not include any financing fees, such as broker fees, lender fees, monthly interest fees, and discount points, as these can vary substantially due to the unique nature of each business situation and refund size.
Won’t my accountant take care of this?
• If they were going to take care of it, they would have already done so.
• The ERC is complicated. Given the complexity and confusing communication regarding the credit to accountants provided by the IRS, most accountants don’t want to deal with the ERC. We’re happy to work with your accountant to make the process quick and painless.
• We’ve already done the heavy lifting and have a direct line to the IRS to ensure your ERC Refund is processed promptly.
• If you don’t have an accountant, our dedicated accounting specialists will work with you to ensure you get the maximum ERC Refund.
What’s the point in applying if we already claimed the PPP?
• It’s essential that you claim your ERC Refund even if you have already claimed the PPP. While the IRS doesn’t allow “double dipping,” the PPP does not directly conflict with ERC.
• Every day we help businesses claim the maximum available ERC award they qualify for in addition to the PPP.
• Many clients who received PPP have also received hundreds of thousands or even millions of dollars in ERC Refunds.
We didn’t apply or qualify for the PPP and don’t want the headache of dealing with a government loan and negotiating debt cancellation. Why bother with the ERC?
• The ERC is different from the PPP and any other government programs. It’s not a loan. It’s a tax credit, which means it does not need to be paid back, and you can elect to receive the credit immediately.
• The ERC is currently funded, but it’s possible the program could end by Federal action at any time.
• The ERC Refund amounts to unclaimed overpaid taxes for your business. If your business qualifies for it, it’s yours. If you don’t claim it as soon as possible, it could just go away.
I’m busy. Why deal with this now?
The more important questions to consider are:
• With so much to gain, what have you got to lose?
• How much are you leaving on the table for the IRS to give to some other business?
• What would a large cash infusion into your business today do for you– one that requires no additional sales and you never need to pay back?
• Why on earth would you delay discovering and procuring your benefit even one more second?
Can you summarize this for me?
• No fee up front. We only get paid you if you get your check.
• We work with (or without) your accountant to care of all the accounting and legal complexity.
I have more questions- how can I reach you?
- Call us at 1-833-ERC-FIRM (1-833-372-3476)
-OR- - CLICK HERE to schedule a meeting with us through Calendly
Ultimate ERC, assists clients with various forms of financial relief, particularly, the Employee Retention Credit Program.
Ready To Get Started? It’s Simple.
1. To get qualified, click the icon below. To find out if your company qualifies for the ERC, we'll get in touch and arrange a call with you.
2. We evaluate your claim and determine the highest sum you are eligible to receive.
3. Our team walks you through the whole claims procedure, including the correct documentation.
Ultimate ERC, assists clients with various forms of financial relief, particularly,
the Employee Retention Credit Program.
Ultimate ERC will ensure you're taking the proper next steps and getting the most out of your ERC claim.
We are a no-risk, contingency-based cost-cutting firm. We check previous invoices for inaccuracies and issue refunds and credits to our customers. We boost the profitability and overall value of our clients' businesses.
Contact Us
Call Us: 1-833-ERC-FIRM --(1-833-372-3476)
If you wish to set up a meeting with us, click below.
Contact Us
Call Us: 1-833-ERC-FIRM --(1-833-372-3476)
If you wish to set up a meeting with us, click below.