Refundable credit for wages paid to employees!
If your business was fully or partially shut down (i.e. indoor dinning, capacity restrictions, etc.) by a valid government mandate, you could be eligible for a credit on the wages you paid employees. Did you experience a decline in gross receipts during 2020 or 2021? Did your US suppliers have to shut down due to a COVID mandate? Did your business open after February 2020?
If your business was impacted during the pandemic, and you retained your employees on staff, this credit is for you! Eligible employers can get up to $5,000 per employee in 2020 and $7,000 per employee, per quarter, in 2021!
Instead of working with lenders that charge high percentage fees, work directly with the people they contract with, CPA’s! We charge flat rates per employee, and will not exceed 10% of your credit, ever!
50% credit on up to $10,000 of wages paid in 2020
70% credit on wages up to $10,000 of wages paid in 2021
Received the PPP or RRF? That’s ok. You may still be eligible.