
ERC King
The one-stop shop for all things ERC
What is ERC?
The Employee Retention Credit (ERC) is a tax refund from the IRS. It pays you for retaining employees during the Pandemic & for disruptions caused from it.
These Disruptions include:
Complete/Partial Shutdown
Reductions in capacity or services offered, OR a mandated shutdown
Supply Chain Disruptions
Inability to get required materials due to supply chain
Travel Restrictions / Delayed AR
A disruption to business travel / delayed Accounts Receivable
The Impact:
Take advantage of the ERC to raise money for your company. For 2020 and 2021, this tax break is worth a maximum of $5,000 per employee and $7,000 per employee per quarter.