UNDERSTANDING ERC CLAIMS
Here Are Answers To Some Frequently Asked Questions Regarding The ERC Program
While there are many claims about the Employee Retention Credit (ERC) program, the truth is a bit more nuanced. Yes, it’s possible for some businesses to receive up to $26,000 per employee through the ERC, and these funds don’t have to be repaid. However, qualifying for these funds requires a detailed eligibility assessment and a claims process handled by ERC experts.
See if You QualifyThere's a common misconception that obtaining ERC funds is "fast and easy," with the possibility of receiving millions. In reality, while the potential for significant funding exists, it involves a comprehensive review process to determine eligibility and correctly file claims.
See if You QualifyContrary to some rumors, the ERC program is not dead. Although the IRS is currently conducting thorough reviews of all in-process claims and has paused addressing new claims until the end of 2023, the program is still active. Businesses can continue to submit ERC claims, which will be processed after the IRS has worked through existing ones.
See if You QualifyAbsolutely. Despite the current processing delays, it's worthwhile to spend a few minutes determining your business's eligibility for the ERC. If eligible, your business could receive up to $26,000 per employee without the obligation to repay.
See How Much You Qualify For