We assist by consulting small businesses affected negatively during 2020-2021
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Million SMALL BUSINESSES IN AMERICA
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Billion CARES ACT FUNDING
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Million FULL TIME EMPLOYEES IN AMERICA
ERCN is very good at what they do, they made the process easy to follow and it only took a few minutes out of my busy day. Their team of experts explained everything to me and ensured I qualify for the maximum available. I recommended them to some of my business owner friends and they are very thankful with the results as well
David Ramirez
Since I got a PPP Loan I thought I didn’t qualify. Out of curiosity, I had ERC Nationwide see if I qualified, the form on their website made it easy for me to fill out and check. Turns out I received the ERC for 7 of my 12 employees. It is money I really was not counting on, Highly recommend everyone to check if there is any money available for their business, it is free to check.
Sarah Thompkins
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No. This is not a loan. It’s a refundable tax credit. Your ERC claim comes in the form of a check from the IRS.
Our performance-based fee is on a percentage of the credit recovered. We calculate and provide our fee with our free analysis. The fee is typically 20% which is very affordable since you do not need to pay us a penny until you receive the refund.
Can’t I just have my CPA file? Why would I use ERC Nationwide?
Of course. The challenge is the ERC credit is taken on your payroll returns and not through your business income tax returns, which is what most CPA’s handle. Because of this most CPA’s don’t process this credit, unless they process your payroll in house. This is also a big reason why this credit is so underutilized. Since CPA’s don’t typically handle it and they are the tax experts, it has mostly fallen in a middle ground where few are able to effectively process the credit. Interestingly, we receive a large portion of our clients from CPA’s.
Our accounting referral partners in our network have decades of payroll experience, which has allowed them to specifically focus to understanding how to calculate the ERC refund, which most CPA’s have not had the time to sit down and study how to properly perform the calculations.
Can I get ERC Funds if I already took the PPP?
Yes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, modified the ERC credit rules. One of the modifications included allowing a company to have a PPP loan and still take advantage of the ERC credit. However, you can’t use the same dollar for dollar funds. We take this into account when processing your ERC credit.
My revenue went up in 2020, can I still qualify for the ERC program?
Yes! There are two possible qualifications for 2020: revenue reduction, or a “full or partial shutdown of your business due to COVID-19”. Specifically the IRS describes this as “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.” Below are several examples of qualifying events:
Example 1: A restaurant must close or limit its on-site dining. Such as having to close down every other table, due to COVID-19 restrictions.
Example 2: A business that needs to meet with clients in person and has to cancel meetings due to COVID-19 restrictions.
Example 3: A business has to reduce their operating hours because COVID-19 restrictions and cleaning requirements.
Example 4: A business had delayed production timelines caused by supply chain disruptions.
Example 5: A business with a planned event has to cancel that event, or restrict the amount of people who can attend due to COVID-19 restrictions.
I’m a CPA or a payroll company, can I refer my clients to ERC Nationwide?
Yes. We also offer a referral/affiliate program. To learn more contact us.
Will the ERC funds run out?
This is not a lending program – tax refunds are issued by the US Treasury. Therefore, all eligible employers will receive the fund
Is the ERC Credit taxable?
The ERC credit is not considered income for federal income tax purposes, but you must reduce any deductible wage expenses by the amount of the credit. Please provide the credit information to your CPA for tax purposes.
Can I qualify for the ERC if I’m self employed?
No, if you are majority owner (over 50%) of your company then your wages do not qualify.
As an owner do my wages, or the wages of any family member I employ qualify?
Maybe. Wages of owners who have majority ownership, defined as over 50%, do not qualify, nor do the W2 wages of any immediate family members of the owner. In the case an owner has less than 50% ownership, their W2 wages qualify, as do the W2 wages paid to immediate family members.
I’m getting more in ERC Credit than I paid in taxes?
Remember that this program is taken according to payroll taxes paid, not on income taxes. ERC funds not applied towards owed payroll taxes are treated as an ‘overdeposit’ of taxes that will be requested as a refund check from the IRS.
How long does it take to get my ERC Credit?
This is how the process works: you send us the required documents and we process an analysis at no charge. The process from start to finish usually happens in 2-3 weeks. If you wish to move forward, you will select your desired payment option and we file your claim. Once filed, refunds are released based on IRS backlog. Currently, the IRS has stipulated a 20 week minimum turnaround on the ERC refunds.
ERC Nationwide is a performance-based consulting firm partnered with the most experienced tax professionals assisting small businesses affected negatively by COVID 19.
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