The Employee Retention Tax Credit (ERC) provides a compelling savings opportunity that companies and business owners can’t afford to miss.
The ERC is a refundable payroll tax credit for qualified wages paid or incurred by an employer who meets one of the following tests:
- Operations were fully or partially suspended during any calendar quarter in 2020 or 2021 due to orders from an appropriate governmental authority limiting commerce, travel, or group meetings (for commercial, social, religious, or other purposes) due to COVID-19;
- An essential business’s suppliers are unable to make deliveries of critical goods or materials due
to a governmental order that causes the supplier to suspend its operations; or,
- Experienced a significant decline in gross receipts during a calendar quarter compared to 2019, meaning either a 50% decline in 2020 versus 2019 or a 20% decline in 2021 versus 2019.
Learn more the employee retention tax credit by downloading our brochure below.
Calvetti Ferguson works with middle-market companies, private equity firms, and high-net-worth individuals nationwide. Regardless of the complexity of the compliance, assurance, advisory, or accounting need, our team is ready to help you. Please complete the form below, and we will follow up with you shortly.