TAMPA BAY LENDERS GROUP
EMPLOYEE RETENTION CREDIT PROGRAM
EMPLOYEE RETENTION CREDIT PROGRAM
The government has authorized unprecedented stimulus, and yet BILLIONS of dollars will go unclaimed.
The ERTC was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act.(American Rescue Plan Act of 2021)
While the ERTC was created in the CARES act along with the PPP Loans - this is NOT a loan, there is no repayment.
There are no restrictions for what recipients of the credit must use the funds.
The deadline to file IRS Form 941-X is 2023 (for 2020 filing) and 2024 (for 2021 filing). Don't miss out!
The 2020 ERC Program is a refundable tax credit of 50% of up to $10,000 in wages paid per employee from 3/12/20-12/31/20.
(up to $5,000 per employee)
In 2021 the ERC increased to 70% of up to $10,000 in wages paid per employee per quarter for Q1, Q2, and Q3. (up to $21,000 per employee)
Qualification information & eligibility:
Companies with up to 500 employees
A 20% reduction in gross receipts from 2021 when compared to 2019 on a quarter by quarter basis.
Credits up to $26,000 per employee!
PPP Loan #1 or #2 can claim the ERC credit!
Advanced Funding Payment Option Available*
Business owners who have been impacted by COVID-19 may claim this refundable tax credit for each employee retained from March 12, 2020 through December 31 2021. The ERC rules were recently expanded at the end of 2020 to include many more businesses and offer incentives to business who have retained employees.
Credit up to
$26,000/employee
No Upfront Fees to Qualify
Advanced Funding Available
ADVANCED FUNDING ON EMPLOYEE RETENTION CREDITS
With the IRS backlogged on an indefinite timeline to process Employee Retention Credits (anticipation is 8-12 months,
we can provide advanced funding of these credits!
No upfront fees
Can finance credits already in process
Funding in as little as 7 days
Start an ERC application for your Business now! Start in under 2 minutes!
Need to show a 50% reduction in gross receipts from 2020 when compared to 2019 on a quarter by quarter basis.
We are able to fund the Employee Retention Credit in as little as seven days for prequalified borrowers. No more waiting up to 12 months for the IRS to send the payment. Access your credits now!
Contact Us
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Please fill out to start your application.