ERC Tax Credit FAQ 2022

Employee Retention Credit Cpas For Those Who Are Familiar With Construction If your organization is deemed eligible, it could receive up to $26,000 per W-2 employee. The ERC, a payroll tax credit that can be used to infuse cash into your bottom line, allows you to reinvest in your employees and business. OnCentive, the nation?s top tax credit consulting firm, ERC home improvement services assists organizations with the complexities of the ERC. ERC gave eligible employers a tax credit that allowed them to continue to employ Americans during the pandemic. Launched in March 2020, the ERC remains one of the biggest relief opportunities--up to $26,000 per employee during 2020 and 2021--available to eligible businesses that have been negatively impacted by the COVID-19 pandemic. Even for businesses that are already recovering, employers can retroactively claim ERC based upon hardships suffered during 2020 and the first three quarters 2021. Congress passed many programs to keep people