
As the COVID-19 pandemic spread throughout the United States in 2020, government officials enacted several measures aimed at reducing public transmission and minimizing exposure – including storefront closures, social distancing guidelines, and stringent cleaning and sanitization requirements.
Since so many businesses were economically hurt by these government orders, Congress passed the CARES Act in March 2020. One key provision of this act was the Employee Retention Credit (known as ERC) — a tax measure intended to provide economic relief so companies who were impacted could continue to pay their employees.
Requirements like intensive cleaning and sanitization schedules impacted some industries and organizations more than others. For example, a food processing facility that typically operates 24 hours per day would have been adversely affected by a local government order that required each business to deep clean their facility once every 24 hours.
If this employer had to close the facility for five hours each day to deep clean, they could be considered to have partially suspended their operations. Employers are considered to have a partial suspension of operations if they must reduce their operating hours to comply with a government order.
If government orders created an eligible impact on your business, you might be eligible for the ERC — which means a credit of up to $26,000 per W-2 employee. At DUB Financial, we’ve helped employers in almost all 50 states figure it out.
If I Think I’m Eligible for the ERC, What Comes Next?
The CARES Act and ERC are highly specialized areas of tax law, so it can be tricky to determine eligibility and then figure out what to do next if you are eligible. But we are experts in this field.
Most clients are referred to us by their own CPAs and tax professionals because they recognize that this calls for specialization.
We simplify a complex process by working with you through a few steps.
First, you’ll complete our eligibility form to see if your business is eligible for the ERC. There is no cost, no risk, and plenty of potential rewards for getting our free analysis.
If you are eligible, we’ll help you understand what you need to gather from your payroll information and 941 forms.
Finally, our specialists will help you prepare the paperwork and finalize the details so you can receive your credit.
That’s it!
How Do We Get Paid?
After you complete our eligibility form, if our analysis shows that you aren’t eligible, it costs you nothing. But it gives you peace of mind – you didn’t leave money on the table.
If you are eligible, our analysis will include what our service charge would be to file. This way, you can see what you’ll receive as a credit and what percentage of that credit we would be paid. We only get paid when you receive your credit, 15% of the credit amount.
Many of our clients have received six-figure credits. With up to $26,000 per payroll employee, you could receive thousands of dollars to continue growing your business.
We look forward to helping you learn if you’re eligible.
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