Most employers, including tax-exempt organizations, can qualify for the Employee Retention Tax Credit (ERC). For employers that qualify, including those with a PPP loan, the credit can be claimed against a portion of payroll from March 13, 2020, to June 30, 2021, and is paid directly to the business in the form of a refund check.
Tax Credit Highlights
✓ Up to $26,000 per employee
✓ Not a loan
✓ No “forgiveness” paperwork
✓ Check from US Treasury
✓ Use the money for any purpose
✓ Can also have PPP, PPP2
Jorns' proprietary software and professional team of CPAs have assisted thousands of businesses retain billions of dollars in stimulus funding
Jorns & Associates is an industry leader in assisting businesses with PPP Loan Forgiveness. Their professional team of CPAs and comprehensive team of support specialists ensures your company’s loan forgiveness application is audit-ready and accepted the first time. They have helped thousands of companies navigate through the PPP Loan Forgiveness Process.
Refundable employee retention credit up to $26,000 per employee is available! Has your business been impacted by COVID-19 but still supporting your employees? You could be eligible for a refundable retention credit of up to $26,000 per employee. The credit can offset all federal tax deposits which can be 25% – 30% of payroll costs. Anything above that amount is refundable by filing the proper forms.
Freedom Benefits Group has partnered with Horns & Associates to assist businesses, navigate the complex rules and regulates surrounding economic stimulus programs.
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