Employee Retention Credit

 

SPB

 in partnership with

Incentax Logo Small 

 

Max credit: $5,000 per employee in 2020 and $7,000 per employee (per quarter) in 2021.

 

Qualify by any one of these three criteria:

1. Full or partial business suspension due to a Covid-19 government order.

or

2.  50% Revenue decline in any quarter of 2020 when compared to the same quarter in 2019.

or

3. 20% Revenue decline in any quarter of 2021 when compared to the same quarter in 2019.

 

New for Q3 and Q4 2021: Recovery Startup Qualification

Businesses that opened after 2/15/2020 and had less than $1m in annual sales qualify for this program.

No other qualification is needed.

 

Submit your information and schedule a qualification call to learn more about the ERC criteria your business may be eligible for.

*Minimum of  5 eligible W-2 employees required after removing owners and family members on payroll*