SMALL BUSINESS OWNERS

Was Your Business Impacted By The Pandemic?

Claim up to $26,000 in tax credits per W-2 employee

  • Not a loan, so does not need to be paid back

  • Designed for businesses impacted by COVID

  • Receive a check directly from the IRS

  • Part of the 2020 CARES Act

Who Can Claim The Employee Retention Credit?

If your business operations were impacted or changed during an applicable calendar quarter due to a COVID-19 related government order.

OR

For quarters in 2021, if your business revenue dropped by more than 20% compared to the same quarter in 2019 or the immediately preceding quarter.

Did you have to close down due to social distancing standards?

Did you have to adjust your staffing model?

Did your business employ essential workers?

If you answered YES to any of these questions, you may be eligible to receive up to $26,000 per employee through the Employee Retention Credit

EXAMPLES:

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 already received PPP, am I eligible? YES

My business was employed by essential workers, am I eligible? YES