Emergency Employer Relief Stimulus Program
Get Up To 33k Per Employee
The American Rescue Plan Act recently passed by congress has an Emergency Employer Relief Program benefit.
It’s a Refundable Tax Credit – Meaning you can get cash in your pocket! Not just a normal credit to carry forward.
Program Highlights:
- 5,000 (50% of first $10k in compensation) in payroll tax credits, per employee for 2020
- $28,000 (70% of first $10k in compensation PER QUARTER) in payroll tax credits per employee for 2021
- Maximum 2020 + 2021 Tax Credits $33,000 per employee.
Qualifications:
Must have or had W2 Employees (Owners paying themselves via W2 May Qualify)
Must answer Yes to ONE of the following:
- My Business was shutdown
- My Business was partially Shutdown
- My Business lost 50% or greater in revenue in any quarter of 2020 compared to the same quarter of 2019
- My Business lost 20% or greater in revenue in any quarter of 2021 compared to the same quarter of 2019
If you answered Yes to any of the above questions, Complete the link above to see what your business can potentially qualify for or click here to schedule a call with us.
