National Tax Specialists
We Specialize in Maximizing ERC for Small Businesses
Receive up to $26,000 per W-2 Employee
Phone: 888-564-2024
About Us
Our team of tax professionals includes experienced CPAs and dedicated support staff to provide you and your business with the highest level of service and reliability.
What is the employee Retention Credit (ERC)?
About ERC
ERC is a refundable tax credit in the form of a grant directly from the IRS. It is not a loan and does not need to be paid back like the PPP loan programs. The ERC was designed to help businesses that were able to retain their employees during the COVID-19 pandemic.
The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.
- Up to $26,000 per employee: $5,000 per employee for 2020 and $7,000 per employee per quarter for 2021
- Available for 2020 and 3 quarters of 2021
- Qualify with decreased revenue or COVID event
- No limit on funding
- ERC is a refundable tax credit
How do you know if your business is eligible for the Employee Retention Credit?
To qualify, your business must have been negatively impacted in either of the following ways:
- A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings.
- Gross receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.
- A business can be eligible for one quarter and not another.
- Initially, under the CARES Act of 2020, businesses were not able to qualify for the ERC if they had already received a Paycheck Protection Program (PPP) loan. With new legislation in 2021, employers are now eligible for both programs.
Why National Tax Specialists?
Our team members have provided financial and accounting services to businesses for decades. We provide full audit protection to give our clients the peace of mind to know the job is done completely and accurately. There are many companies that can not guarantee the accuracy of their work and their clients may have to return the funds if they are improperly claimed or calculated. We pride ourselves on the high level of service we provide, you can speak with our team day or night, weekdays and weekends, from the time we first speak all the way to you receiving your refund.
Expert Tax Consulting Services for Small Businesses
Welcome to National Tax Specialists - Your Expert Tax Consultants
At National Tax Specialists, we specialize in providing tailored tax solutions to businesses and individuals who qualify for covid-related tax relief credits which include the ERC, FFCRA, and SETC tax credits.
Schedule a Consultation Today
Don't miss out on thousands of dollars you may be eligible for due to covid-related issues. Schedule a consultation with us today to learn how you can recover money directly from the IRS for eligible programs. We offer a free initial consultation to all new clients.