SUPPORT PATRIOT ACADEMY AND YOUR BUSINESS!
You could get up to $26,000 for EACH W2 employee if the “Covid Crackdowns” hurt your business. This is not a joke. Trillions in federal tax dollars continue to be thrown at Covid & YOU’RE paying for it! We want to make sure you interrupt this massive wealth transfer and get back as much as you are legally entitled to receive, while redirecting as much as possible to a worthy cause like Patriot Academy. Most employers either do not know about this program, or did not believe they qualified because so little media has covered the changes that now cover FAR more businesses… possibly yours!
Get very fast answers to your questions about the ERC and whether or not you qualify for UP TO $26,000 per W2 employee.
Should Conservatives Accept The Employee Retention Credit?
“Any wise and rational person would use a legal deduction on their tax return that would allow the taxpayer to direct the use of their money to a good cause or keep more of their own money rather than sending it to D.C. to waste on unconstitutional programs. The same applies to the ERC. The Government, not Covid, created the chaos and killed the economy. You are paying the bills and you should get as much of this credit as is legally possible.” – Rick Green
What Exactly is the ERC?
Yet another stimulus program designed to bolster those businesses that were able to retain their employees during this challenging time. Due to the extremely complex tax code and qualifications, it is severely underutilized. Details of the program include:
- ERC is a Refundable TAX Credit
- Up to $26,000 per W2 Employee
- Qualify with Decreased Revenue or Covid Impact
- NOT a loan (this is a direct payment from US Treasury)
Real Life Examples Already Funded
CHURCH
$1,294,150.04
TIRE & LAWN EQUIPMENT
$789,400.00
DAIRY
$941,622.85
PEDIATRIC DENTISTRY
$389,956.70
ORTHODONTIST GROUP
$382,000
Our Professionals Get Results
2,000
Businesses Processed
$200,300,000
Employee Retention Credits
ERC Qualifications
The ERC legislation is very complex, but our experienced team can quickly review your unique situation and determine if you qualify. You only need to meet ONE of the very broad qualifications.
Supply Chain Impact
Supply Chain Disruption does not require complete shutdown of your business, it could be as simple as delayed supplies or repairs, product or material or packaging changes caused by supply chain problems. Hotels & Restaurants could not get the same supplies such as actual meats or towels, or even cleaning supplies. Renovation or expansion plans delayed, and many other scenarios. You did NOT have to experience a reduction in revenue to qualify under this category.
Reduction of Gross Receipts
This one gets a little complicated because the criteria is different for 2020 and 2021. If you qualified for the 2nd round of PPP, you most likely qualify for ERC under this category. Regardless of PPP participation, have our team review your situation. It costs you nothing, but could benefit you greatly.
ANY Suspension of Business Operations
Did any of the government overreach actions during the covid crackdowns cause any kind of shutdown or suspension of your business during 2020 or 2021. For example, this could mean your operations were limited by commerce, or there was an inability to travel or restrictions of group meetings. For instance, all of our Patriot Academy Leadership Congresses were canceled, as were fundraising events and seminars. You did NOT have to experience a reduction in revenue to qualify under this category.
- You do not need to meet all three, or even two of the above. You only need ONE to qualify. Remember, you only need ONE of those three to qualify
GET STARTED!
- Click LEARN MORE and finish our questionnaire
- Our professionals analyze your documents and then you review for approval your analysis to approve
- We will file your ERC application with the IRS
- You get your refund check from the IRS!!
Donation to Patriot Academy
What better way to direct your tax dollars? Other firms keep the contingency fee to themselves, Our Partners are donating most of it to Patriot Academy to help build the campus faster.
Proven Experience
No need to be the guinea pig for your CPA or these overnight sensation companies. Our Partners were some of the first to master this ERC process. Several thousand clients later, our experience benefits YOU.
Better Results
The experienced team we chose will maximize your application so that you get every dollar you are legally entitled to receive.
No Obligation & No Upfront Fees
It cost you nothing to find out if this will be beneficial to you and you pay nothing until you receive your refund check.
Elite Advocates
We chose our Partners because they have the experienced specialists that bring the legal, accounting, & payroll expertise to give you the precision of a special operations level of service.
Super Fast Process
Our Partners have this down to a science and will give you the attention needed to complete your process in just a few days with funding in an estimated 8 to 20 weeks.
Frequently Asked Questions
- Our partners are donating most of their fee to Patriot Academy.
Of course. The challenge is that the ERC credit is taken on your payroll returns and not through your business income tax returns, which is what most CPA’s handle. Because of this, most CPA’s don’t process this credit, unless they process your payroll in house. This is also a big reason why this credit is so underutilized. Since CPA’s don’t typically handle it and they are the tax experts, it has mostly fallen in a middle ground where few are able to effectively process the credit. Interestingly, we receive a large portion of our clients from CPA’s.
Yes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, modified the ERC credit rules. One of the modifications included allowing a company to have a PPP loan and still take advantage of the ERC credit. However, you can’t use the same dollar for dollar funds. We take this into account when processing your ERC credit.
Yes! There are two possible qualifications for 2020: revenue reduction, or a “full or partial shutdown of your business due to COVID-19”. Specifically the IRS describes this as “A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings.” Below are several examples of qualifying events:
- Example 1: A business that needs to meet with clients in person and has to cancel meetings due to COVID-19 restrictions.
- Example 2: A business had delayed production timelines caused by supply chain disruptions.
- Example 3: 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.
Maybe. Wages of owners who have majority ownership, defined as over 50%, do not qualify, nor do the W2 wages of any immediate family members of the owner. In the case an owner has less than 50% ownership, their W2 wages qualify, as do the W2 wages paid to immediate family members.
No, if you are the majority owner (over 50%) of your company then your wages do not qualify.
Eligible Employers for the purposes of the Employee Retention Credit are those that carry on a trade or business during calendar years 2020/2021, including a tax-exempt organization, that either:
- Fully or partially suspends operations by a governmental order, or
- Experiences a significant decline in gross receipts during a calendar quarter when compared to 2019
An employee who filed a W-2 tax form.
No. This is not a loan. It’s a refundable tax credit sent in a form of a check.
This is not a lending program – tax refunds are issued by the US Treasury. Therefore, all eligible employers will receive the funds. The time frame to apply for these IS limited.
The ERC credit is not considered income for federal income tax purposes, but you must reduce any deductible wage expenses by the amount of the credit. Please provide the credit information to your CPA for tax purposes.
- Up to $5,000 per employee for 2020 if they qualify for the year
- Up to $7,000 per employee per quarter of 2021 if they qualify for Q1, Q2, and Q3.
***That means your company could get paid up to $26,000 per employee!
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