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.