ERTC FAQs - How To Claim Employee Retention Credits If You Enrolled In PPP

ERTC FAQs - How To Claim Employee Retention Credits If You Enrolled In PPP, updated 1/25/22, 3:46 AM

You may be eligible for tax credits, even if you received a PPP loan, or didn't qualify under the original rules. Watch this short video or take a 60-second quiz to find out. Visit https://vimeo.com/667464464 to watch the video, with links to the quiz.

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ERTC FAQs - How To Claim Employee
Retention Credits If You Enrolled In PPP
The Employee Retention Tax
Credit program has ended,
but it's not too late to file for
your credits.
Even if you've already filed,
ERTC specialists can help
you to amend your claim to
include any eligible tax
credits.
With many employers filing their
taxes for 2021, this new video
aims to help you determine how
much you can claim in tax credits,
and answer some questions
about the ERTC program.
Because of the large number of
changes made to the program since
it was originally begun, many
employers have misconceptions
about the eligibility requirements
and the tax credits available to be
claimed.
The total amount available
per employee has increased,
as well as the rules defining
small vs large employers.
For 2020, you can claim
50% of your employee's
wages, up to $5,000 per
employee, per quarter.
With the increases introduced in
the new amendments, you can
now claim up to 70% of eligible
wages, to a maximum of $7,000
per employee, per quarter, for
wages paid in 2021.
Changes to the rules defining
what it means to be a small
employer, for the purposes of
the ERTC, allow companies
with more employees to
qualify.
Unlike the PPP, ERTC is
not a loan program, and tax
credits do not have to be
repaid.
Watch the full video for
answers to more frequently
asked questions, or take the
short quiz to find out if you're
eligible.
Visit
https://vimeo.com/667
464464 to learn more.