ERTC FAQs - How To Claim Employee Retention Credits If You Enrolled In PPP

ERTC FAQs - How To Claim Employee
Retention Credits If You Enrolled In PPP

The Employee Retention Tax
Credit program has ended,
but it's not too late to file for

your credits.
Even if you've already filed,
ERTC specialists can help
you to amend your claim to

include any eligible tax
credits.

With many employers filing their
taxes for 2021, this new video
aims to help you determine how
much you can claim in tax credits,
and answer some questions

about the ERTC program.

Because of the large number of
changes made to the program since

it was originally begun, many
employers have misconceptions
about the eligibility requirements
and the tax credits available to be

claimed.

The total amount available
per employee has increased,
as well as the rules defining

small vs large employers.
For 2020, you can claim
50% of your employee's
wages, up to $5,000 per
employee, per quarter.

With the increases introduced in
the new amendments, you can
now claim up to 70% of eligible
wages, to a maximum of $7,000
per employee, per quarter, for

wages paid in 2021.

Changes to the rules defining
what it means to be a small
employer, for the purposes of
the ERTC, allow companies

with more employees to
qualify.

Unlike the PPP, ERTC is
not a loan program, and tax

credits do not have to be
repaid.

Watch the full video for
answers to more frequently
asked questions, or take the
short quiz to find out if you're

eligible.

Visit
https://vimeo.com/667
464464 to learn more.