For our ERC Clients - Click to read the Feb. 2024 update on ERC status.

Employee Retention Tax Credit

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Tax Credits

Employee Retention Credit

The U.S. government, recognizing the challenges businesses faced, introduced the ERC Tax Credit as a beacon of support. Designed to offer significant financial relief, the Employee Retention Credit assisted businesses in keeping their doors open and employees on payroll during trying times.

Do I Qualify?

Why was the ERC tax credit so crucial?

  • Financial Relief

    Businesses could reclaim a substantial chunk of their payroll expenses, bolstering their bottom line.

  • Employee Stability

    In turbulent times, retaining a skilled workforce was vital. ERC provided the means to do so.

  • Liquidity Boost

    The credit offered businesses a much-needed cash influx, easing operational pressures.

Did your business miss out?

Despite the potential for massive savings, many businesses and their CPA’s either overlooked or misunderstood their eligibility for the ERC Tax Credit. If you're wondering whether you left money on the table, it's time to find out.

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Hear It From Our Clients

We have helped recover thousands for our small business clients with the Employer Retention Credit. Will you be next?

"This year, they have made it much MUCH easier to qualify. We've made it SO easy to apply. We just had a company with 9 employees receive $51,000 credit for one quarter. ... Don't miss out!" – Stacey Doege, ProfitMax
June 22, 2021
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Stacey Doege goes over the Employee Retention Tax Credit. She covers what it is, the myths about it, and answers our questions.
January 27, 2023
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Does My Business Qualify?

2 Ways to Qualify

Navigating missed opportunities can be enlightening. Discover if your business overlooked the ERC Tax Credit benefits.

1. You had a full or partial suspension of business operations.

  • Partial shutdown example – indoor dining was not allowed at a restaurant, but take-out was available.

  • Full shutdown example – under the CA stay at home order, child day care centers were completely closed

  • If an employer does not meet the revenue threshold, they may still qualify if they experienced either a partial or full shut-down of business operations.

2. You had a significant decline in revenue compared to the same quarter in 2019.

  • For 2020: A 50% decline in revenues in any quarter compared to the same quarter in 2019

  • For 2021: A 20% decline in revenues in any quarter compared to the same quarter in 2019

  • ERC Expiration: ERC ends when quarterly revenue in 2020 exceeds 80% for the same quarter in 2019.

Trust the experts at Profitmax

We handle it all for you.

At ProfitMax, we strive to help businesses uncover every financial boon available to them. With our deep expertise in tax strategy and comprehensive knowledge of the ERC Tax Credit, we're here to shed light on potential avenues for savings, even in retrospect. We will help you through the entire process: application to refund checks!

  • Determine and document qualification for ERC

  • Calculate the ERC, including the forgiven PPP amount if applicable

  • File the relevant documents with the IRS

  • Defend claims if required by audit

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Reclaim Your Due

The ERC Tax Credit is an opportunity for businesses to stabilize and thrive during tumultuous times. If you missed out, it's not too late to discover and potentially reclaim what might rightfully be yours. Act now and give your business the financial boost it deserves.

Get Started Today!
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