Employee Retention Tax Credit

If you’ve experienced a decrease in quarterly revenue in 2021 or last year, the Employee Retention Tax Credit (ERTC) could provide you with significant tax savings.

Also, if a government order required you to cease or partially suspend operations during 2020, you could potentially be eligible to receive this tax savings.  Highlights of the ERTC include:

  • Refundable Credit – The credit amount that is claimed is the dollar value you are entitled to receive. The amount you receive is not limited by the amount of tax paid.
  • Applies to Companies Big and Small From Virtually All Industries
  • Claimed on Quarterly Basis – The credit is claimed on the Forms 941 filed every quarter.  You don’t have to wait until next year to claim a credit for expenses incurred in 2021. You can also amend prior quarter Forms 941 for previously unclaimed credit.

BRAYN Consulting provides a no cost Phase 1 Analysis to determine eligibility and provide an estimate of the tax benefit available.