Employee Retention Credit

Employee Retention Tax Credit! Maximize Benefits Up To $26K per Employee!

Get the support you need with the employee retention credit program

To alleviate these challenges, the government introduced various relief programs, including the Employee Retention Tax Credit (ERC). This significant tax credit, initiated with the CARES Act in March 2020, aimed to help businesses retain their workforce and weather the storm. Understanding the ERC is crucial for businesses seeking financial relief. It began as part of a broader relief package, along with the Paycheck Protection Program (PPP), to support employers in keeping their employees on the payroll. Since its inception, the ERC has undergone several changes through subsequent legislation, expanding its eligibility and benefits to businesses affected by the pandemic. That means even more businesses can apply now!

If your business rode out the economic storm, retaining employees through thick and thin, this is your chance to get some financial relief. It's your reward for your resilience, and doesn’t it feel good to be rewarded?

Up to $26,000 per employee, per year, that you could put back into your business. That could mean funds to strengthen your operations, pivot to new markets, or invest in technology to enhance efficiency.

4 Key Things You Should Know About the ERTC

If your business weathered the economic storm, retaining employees through thick and thin, this is your chance to get some financial relief.

ERTC vs. PPP Loans

No loan, no repayment. Unlike PPP Loans, the Employee Retention Tax Credit (ERTC) offers debt-free financial relief. Enjoy relief without repayment burdens.

Unlimited Possibilities

Flexible ERTC funds empower your business. No restrictions on usage. Allocate funds where needed, whether for wages, rent, utilities, or other expenses..

$26,000 Potential

Per Employee Benefit Unlock the potential of up to $26,000 per employee with the ERTC. Maximize your financial support and provide stability for your workforce.

Startup Friendly

Startups deserve a chance to thrive. That's why the ERTC offers up to $33,000 in credits, providing a significant boost for emerging businesses.

Find Out If Your Business Is Eligible for ERC!

Here’s a quick rundown of the crucial eligibility factors for the ERC:

Your company has up to 500 employees. Yes, you read that right. This is not only for small mom-and-pop shops; it also covers substantial organizations. Whether you have five, fifty, or five hundred employees, the ERC could be for you.

You've experienced a 20% reduction in gross receipts in any 2021 quarter when compared to the same quarter in 2019. This is an acknowledgment of the hard times you've been through. If your revenue took a hit, this credit could help cushion the blow.

You've applied for the PPP Loan #1 or #2. Yes, this isn't an either/or situation. If you've applied for these loans, you can still claim the ERC. More financial aid is always good news, isn't it?

Tips for Smooth ERTC Application

Avoid common pitfalls and save valuable time by partnering with us. Let Peach Capital handle your ERTC application, so you can focus on running your business with peace of mind. When applying for the ERTC, it's crucial to avoid common pitfalls. Here are some valuable tips:

Use Form 941-X: To claim the ERTC, use Form 941-X to amend your return if you have already submitted Form 941 for the applicable quarter. Ensure you download the latest version from the IRS website

Double-Check Calculations: Take the time to double-check all your calculations. Provide detailed explanations of how you arrived at the numbers on Form 941-X.

Understand Eligible Wages: Qualified wages include wages, tips, compensation paid to part-time or full-time employees, and potentially health plan expenses. Regardless of your employer size, you can include all employees' wages in your calculations

Keep Detailed Records: Maintaining accurate and up-to-date records is crucial for any tax credit. Organize your payroll and tax information throughout the year to ensure a smooth application process.

Payroll Tax Return Amendments: Be aware that your payroll tax return may need amending after applying for the ERTC. Since the credit affects your wage expenses, it will impact your employer tax payments. Remember, the ERTC is considered a refund, not income, so you won't have to pay taxes on the credit.

Don't Miss the Deadline: Ensure you meet the deadline for claiming the ERTC. You have three years from your original tax return filing date or two years from the tax payment date, whichever is later.

The Employee Retention Credit Program In Action

Joe's Pizza Shop

Let's put it into perspective with a real-life example. Consider Joe's Pizza Shop. They struggled during the COVID-19 outbreak, with sales taking a severe hit. But Joe, ever the optimist, retained his staff and even secured PPP Loan #2. He knew that his team was the secret ingredient to his success, and he wasn't about to let them go.

With a 20% reduction in gross receipts compared to 2019, Joe's business can claim the ERC. It's that straightforward! Thanks to the ERC, Joe is now looking at a significant injection of cash to his bottom line, all while keeping his dedicated team employed. This is the power of the ERC, and businesses like Joe's are reaping the benefits.

Employee Retention Credit Program in Action

ERC Advanced Funding Payment Option Image

Faster Funds? Yes, Please!

Let's face it, waiting for money is no fun. Especially when that wait is for the IRS, and it could take up to a whopping 8-12 months. That's almost an entire year! An ERC loan can help!

You don't have to wait. You can, in fact, have access to an ERC loan in as little as seven days! Surprised? We bet you are. With Peach Capital's ERC advance, you can jump ahead of the line and get your hands on that much-needed cash FAST! No more waiting, no more uncertainty.

The Power of Advanced Funding: Sara's Boutique Image

Imagine you're in Sara's shoes. Sara runs a boutique that took a hard hit during the pandemic. Her gross receipts for 2020 saw a whopping 50% reduction compared to 2019. She decided to apply for the ERC, but the IRS process was, to put it mildly, painfully slow, she needed an ERC loan.

That's where we came in. With our help, Sara was able to receive an ERC Advance in just a week. This quick injection of funds helped her steady her ship, allowing her to keep her staff, restock her inventory, and weather the storm. It was a lifesaver for Sara's Boutique, and it could be for your business too. With ERC Advanced, you can make sure your business gets the relief it needs, right when it needs it.

Applying for Employee Retention Credit with Peach Capital

Ready, Set, Apply!

So, you've made it this far. You've learned about the ERC, you've checked the eligibility criteria, and you're excited about the prospect of Advanced Funding. Now what? It's time to take action

Don't worry, it won't take you ages. You can get started in under two minutes! Yes, that's quicker than making a cup of coffee. And the best part? Applying won't impact your credit score. We believe in making this process as smooth and as pain-free as possible.

Furthermore, we can finance credits already in process, and there are no upfront fees. That's right, zero, zilch, nada. Your financial wellbeing is our top priority, and we're here to help you navigate this process with ease and confidence.

So there you have it, all the information you need about the Employee Retention Credit. The ball's in your court now. Don't wait any longer! The ERC is a lifeline for businesses in need. Your business has weathered the storm, you've kept your team, and now it's time to reap the benefits.

Start your application now and take the first step towards securing the funds that could make a world of difference to your business. With Peach Capital by your side, navigating the ERC process will be a breeze. We're here to help you make the most of this opportunity. So, are you ready to embrace the benefits your business deserves?

FAQS

Asked & Answered

We've covered a lot of ground, but we know you might still have a few questions about the Employee Retention Credit. So let's clear the air and answer some of the most common ones.

A: Absolutely! You might think it's either one or the other, but no, that's not the case. Having PPP Loan #1 or #2 does not exclude you from claiming the ERC credit. In fact, it's quite the opposite. Applying for these loans is part of the eligibility criteria. So, if you've received these loans, go ahead, apply for the ERC!

Employee Retention Tax Credit! Maximize Benefits Up To $26K per Employee!

Get the support you need with the employee retention credit program

What Is The Employee Retention Credit?

Up to 26k Per Employee