How Much Was Your ERTC Check?

Business Owners are getting checks for up to $26,000 per employee.

DID YOU?

The Employee Retention Credit is a fully refundable tax credit created originally by the CARES Act in 2020, and then revised twice by Congress in 2021, to reward qualifying employers who paid W2 wages during the pandemic.

It is available to both small and MID-SIZE companies and nonprofits. It is not a loan, and there are no restrictions on how the money can be used by the employer.

"Small and medium businesses are leaving billions of dollars on the table."

-Forbes, February 2022

Does my business qualify for this credit?

The IRS Anticipates 70-80% of Businesses Qualify

The IRS management anticipated that approximately 70%-80% of small and medium businesses (as well as tens of thousands of charities) were good candidates for taking the ERC...Small and medium businesses (as well as tax-exempts/charities) are leaving billions of dollars on the table."

- Forbes, February 2022

ERC Program Specialists

The team strictly focuses on ERC allowing us to be the experts and resulting in more funding for your business.

Dedicated To ERC

No need to be the guinea pig for your CPA. The team averages 10-20% more funding than a CPA not familiar with the program.

Audit Protection Included

If you get audited, The team will supply all criteria and assist in responding to the IRS.

Maximum Funding

We evaluate your claim in every way possible to ensure we maximize your credit.

Here are Some of the Eligibility Requirements

Any employer who operates a business, trade, or tax-exempt organization

For the 2020 ERC refund, employers who had less than 100 full-time employees (calculated from 2019)

For the 2021 ERC refund, employers who had less than 500 full-time employees in 2019

FAQ

Who is Jorns & Associates?

There are many companies that offer tax credit and incentive consulting services. There are very few that are 100% focused on it. Comprised of tax credit veterans with decades of industry experience serving clients of all sizes and in virtually all industries, Jorns & Associates specializes in helping employers obtain federal and state tax credits as well as disaster relief incentives.With an executive team made up of thought leaders who have made significant contributions to the tax incentives industry, Jorns & Associates’ mission is to provide the best service available and to achieve maximum value for its clients.Jorns & Associates

Who is eligible for ERC credit?

The ERC is available to any employer—including non-profits, regardless of size—that has experienced either a full or partial shutdown of operations due to a governmental order related to COVID-19, or has experienced a significant decline in gross receipts. A “significant decline in gross receipts” is defined as a decrease of more than 50% when comparing quarterly 2020 receipts to 2019 receipts. Employers who are part of an affiliated group are only eligible if they meet the above criteria AND the group as a whole has suffered either a shutdown of operations OR a significant decline in gross receipts. For example, if two companies are part of the same parent company and only one company meets the eligibility criteria, the entire group is not eligible for the credit.

What period does the program cover?

An eligible employer can currently claim the ERC for qualifying wages paid from March 13, 2020 – September 30, 2021.Businesses and non-profits that began operations after February 15, 2020, can qualify for up to $50,000 per quarter, including the 4th quarter of 2021.

What would make my business ineligible?

The only types of businesses that are not eligible to claim the CARES Act and employee retention credit are federal, state, and local government entities. Self-employed individuals are also ineligible for support, but there are nuance requirements that may allow you to claim. Tribal governments may be eligible. As you navigate through the application process, you’ll learn quickly what you’re eligible for, and how we can assist you. If you’re still unsure of whether or not you and your business qualify, start gathering your documents. Applying to determine if you qualify is the only way to know for sure. Even if you’re not eligible under the ERC and CARES Act, you might be eligible for another program.

Can a closed business apply for ERC?

Yes, businesses that were temporarily closed can apply for the Employee Retention Credit (ERC). The ERC is designed to help businesses keep their employees on the payroll during the COVID-19 pandemic. Eligible employers can receive a refundable credit of up to $5,000 per employee for wages paid. The IRS has extended the ERC support through to 2024. As there is so much uncertainty about the long and short-term impacts of the pandemic, you can support your employees into the future with security by applying today.