ERC
Text CREDIT
BBN is assisting business owners with various forms of government aid, in particular the Employee Retention Credit Program (ERC), which was part of the March 2021 legislation of the American Rescue Plan Act that revised the original
CARES Act of May 2020
Paycheck Protection Program (PPP) and ERC
ERC Program was included in the CARES Act of May 2020, where an employer had to choose between the Paycheck Protection Program (PPP) and ERC. The 2021 legislation expanded, extended, and enlarged the ERC program and allows eligible employers to benefit from both PPP and ERC. Many people do not realize that they can now use PPP and ERC!
ERC has been very lucrative to many small and mid-sized businesses across the country:
WE OFFER :
We have secured refunds for our clients ranging from $100k to $10M
Up to $26k per employee on payroll (depending on actual paid wages and healthcare)
Breaks down to $7k per employee per quarter in 2021 from 1/1/2021 and can continue to 9/30/2021 for a total of $21k
Recovery Startup Businesses are eligible to continue in the Program to 12/31/2021
Retro back for 2020 at $5k per employee
The IRS will issue refunds for the past quarters back to 2020 Q2, including to the beginning of 2021
Not Receiving ERC ?
Discuss your Eligibility Requirements
IF you are not receiving ERC, we will welcome the opportunity to discuss your eligibility requirements and how to start the Program. We will manage it from end to end for you. We can get you up and running with funds in your bank account fairly quickly. We can help you through the myriad of complexities that may pertain to your company’s unique situation, such as the following:
Eligible costs besides wages such as employer-paid healthcare & pension contributions
Analyzing the mathematical sweet spot to maximize both PPP forgiveness and ERC credits
Program benefits to both small and large employers
Retro back for 2020 at $5k per employee.Treatment of furloughed employees and employees paid while not working
Multi-state companies sort through multiple Governors' Executive Orders' impact on eligibility
Eligibility requirements by Revenues or Governmental orders for past and future quarters
Full or partial eligibility of Program benefits for the duration or part of the Program's 21 months
What constitutes a Recovery Startup Business and its benefits under the Program
Rules governing Part-Time employees
Nuances of Union and Non-Union situations
Aggregation affiliation rules
Demystifying FAQs from the IRS
International nuances
IF you are not receiving ERC, we will welcome the opportunity to discuss your eligibility requirements and how to start the Program. We will manage it from end to end for you. We can get you up and running with funds in your bank account fairly quickly.
We can help you through the myriad of complexities that may pertain to your company’s unique situation, such as the following:
HEALTHCARE & PENSION
Eligible costs besides wages such as employer-paid healthcare & pension contributions.
ELIGIBILITY REQUIREMENTS
Eligibility requirements by Revenues or Governmental orders for past and future quarters
FURLOUGHED EMPLOYEES
Treatment of furloughed employees and employees paid while not working
Eligibility of Program
Full or partial eligibility of Program benefits for the duration or part of the Program’s 21 months
IMPACT ON ELIGIBILITY
Multi-state companies sort through multiple Governors’ Executive Orders’ impact on eligibility
ANALYZING
Analyzing the mathematical sweet spot to maximize both PPP forgiveness and ERC credits
CONSTITUTES A RECOVERY
What constitutes a Recovery Startup Business and its benefits under the Program
UNION and Non-UNION
Nuances of Union and Non-Union situations
BENEFITS
Program benefits to both small and large employers
RULES
Aggregation affiliation rules.
GOVERNING PART-TIME
Rules governing Part-Time employees
NUANCES
International nuances.
FAQs
Demystifying FAQs from the IRS.
1. Auto Repair Shops
2. Bars
3. Car Washes
4. Churches/ Temples
5. Commercial Buildings
6. Contractors and Construction Companies
7. Country Clubs
8. Doctor/ Veterinarian Offices
9. Dry Cleaners
10. Franchisees
11. Gyms
12. Hotels
13. Manufacturers
14. Moving Companies
15. Parking Garages
16. Private Schools
17. Property Managers
18. Restaurants
19. Retailers
20. Sports Facilities
21. Senior Living and Retirement Communities
22. Trade Show and Conference Organizers
23. Wholesalers
MOST RELEVANT INDUSTRIES
Most RELEVENT INDUSTRY
