Champion Concierge Services saw a massive opportunity to help businesses of all sizes that were impacted by Covid-19
We maximize your Employee Retention Credit (ERC) so you can focus on what matters most, your business!
ERC Rapid Rundown
- No up-front fees.
- No credit check.
- Not a loan.
- Get money from the IRS, even if you got PPP.
- The average return is $200k per application.
- Qualify for ERC in just 5 minutes.
- This is a free tax refund from the government that doesn’t need to be paid back.
What you need to know about the ERC Program
The ERC Program can be daunting and difficult to understand due to it’s many changes, it’s complex qualification criteria, who all might be eligibile in your organization and many more factors. We’re here to simplify this for you!
What Is the Employee Retention Credit (ERC) Program?
ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.
Established by the CARES Act, it is a refundable tax credit – a grant, not a loan – that you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.
- Up to $26,000 per employee
- Available for 2020 and the first 3 quarters of 2021
- Qualify with decreased revenue or COVID event
- No limit on funding
- ERC is a refundable tax credit
How much of a refund can you get back as a business eligible for ERC?
The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
This equates to up to $5,000 per employee for 2020. For 2021, the credit can be up to $7,000 per employee per quarter.
Does your business qualify for the ERC program?
The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll.
To qualify, your business must meet the following criteria:
- A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings.
- Gross receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.
- The ERC funds must not be applied to the same wages as the PPP program loan IF you've received PPP assistance in the past.
- Note : A business can be eligible for one quarter and not another.
Why choose Champion Concierge Services (CCS)?
We care about making your life easy. We have the proper staff, CPAs, customer service representatives, and systems in place to ensure we maximize your ERC funding while keeping you in the loop with 100% transparency.
This is the true value of CCS. We take care of the complexities around the ERC Program so you can focus on what matters most, your business.
ERC Form
National ERC Results
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Our services include:
- Thorough evaluation regarding your eligibility
- Comprehensive analysis of your claim
- Guidance on the claiming process and documentation
- Specific program expertise that a regular CPA or payroll processor might not be well-versed in
- Fast and smooth end-to-end process, from eligibility to claiming and receiving refunds
Ready To Maximize Your Free ERC Program Funds? The Process Is Simple!
- How does the PPP loan factor into the ERC?
- What are the differences between the 2020 and 2021 programs and how does it apply to your business?
- What are aggregation rules for larger, multi-state employers, and how do I interpret multiple states’ executive orders?
- How do part-time, Union, and tipped employees affect the amount of my refunds?
ERC Broken Down
Our video helps you understand how ERC works, what the criteria are, and how best you can maximize this grant for your business!
Ready To Maximize Your Free ERC Program Funds? The Process Is Simple!
- Sit with our specialist to learn more about your business and see if you qualify for the ERC Program.
- We draft your claim and determine the maximum amount you're eligible for.
- We guide you through the submission of your claim, warn you of any pitfalls, and ensure you get the ERC Program credit you deserve!
Frequently Asked Questions
The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that Eligible Employers pay their employees. This Employee Retention Credit applies to qualified wages paid after March 12, 2020, and before January 1, 2021. The maximum amount of qualified wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $5,000.
The operation of a trade or business is partially suspended if an appropriate governmental authority imposes restrictions on the employer’s operations by limiting commerce, travel, or group meetings (for commercial, social, religious, or other purposes) due to COVID-19 such that the employer can still continue some, but not all of its typical operations.
A significant decline in gross receipts begins with the first calendar quarter in 2020 in which an employer’s gross receipts are less than 50 percent of its gross receipts for the same calendar quarter in 2019. The significant decline in gross receipts ends with the first calendar quarter that follows the first calendar quarter in which the employer’s 2020 quarterly gross receipts are greater than 80 percent of its gross receipts for the same calendar quarter in 2019, or with the first calendar quarter of 2021.
The Employee Retention Credit equals 50 percent of the qualified wages (including qualified health plan expenses) that an Eligible Employer pays in a calendar quarter. The maximum amount of qualified wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for qualified wages paid to any employee is $5,000.
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Get Qualified for the ERC Program Today!
We want to help you qualify and maximize your ERC Credits ASAP. Fill out the form below and we’ll be in contact shortly!