AccuPay HCM, your trusted business solution expert, has already helped our clients obtain over $15 million in Employment Retention Credits (ERC). In addition, we’re currently working with our other clients in processing an additional $52 million in valuable tax credits.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act contains a business relief provision known as the Employee Retention Credit (ERC), a refundable payroll tax credit for “qualified wages” paid to retained full-time employees from March 13th, 2020, to December 31st, 2021. The purpose of the ERC was to encourage employers to keep employees on the payroll, even if they were not working during the covered COVID-19 period.
If you kept your employees on the payroll during the pandemic, you are very likely eligible for these tax credits. We are currently helping our clients file for the third fiscal quarter, and the deadline is October 26th to file your Federal 941 returns.
In the coming days, you should review our online form at https://accupayhcm.com/erc/ and complete it. We can determine your eligibility status by reviewing your completed form, and we can even calculate the amount of your tax credit.
In addition, we can assemble the proper documentation, forms and file the 941 return before the deadline. These valuable tax credits can help your company recover from the financial losses you suffered from the pandemic.
We’re ready to help you. Look for an email from us that includes the amount of your ERC tax credit. You may be one of the 240 AccuPay clients who currently owe hundreds of thousands in valuable tax credits but haven’t yet filed.