Have You Faced
Any Impacts?
Almost every business in CALIFORNIA was affected by COVID mandates that forced them to alter business operations. Due to these mandates, many of them qualified to claim significant cash refunds.
Your business might qualify for ERC credits if you’ve faced the following impacts:
- Full or partial government-mandated shutdowns;
- Supply chain issues;
- Decrease in working hours to sanitize facilities;
- Capacity limitations;
- Shift in hours of operation; and
- Decrease in revenue.
NEED HELP WITH EMPLOYEE RETENTION CREDIT?
Fill out the form to receive more information
Making the Best of the Employee Retention Credit
The pandemic has profoundly disrupted the day-to-day commercial activity and distribution of goods and services across the entire country. These disruptions make many businesses eligible to benefit from the revamped Employee Retention Credit (ERC) in 2021. Moreover, the Consolidated Appropriations Act allows businesses to claim the ERC alongside PPP.
Real Client Examples
Manufacturing Firm
Annual Revenue: $17.4 Million
No of Employees: 46
Credits Earned:
$217,000
Restaurant
Annual Revenue: $74 Million
No. of Employees: 317
Credits Earned:
$1,030,000
Fitness Facility
Annual Revenue: $1.3 Million
No. of Employees: 58
Credits Earned:
$237,000
Understanding California’s Government Mandates
CA EO N-33-20: Stay at Home Order
- Residents were required to stay inside their residences and limit all movement outside of their homes beyond what is necessary to take care of “essential needs.”
CA EO N-60-20: Public Health Directive Orders
- Reopening of both lower and higher-risk businesses followed public health measures set by local jurisdictions that came from the State Public Health Officer; and
- The Public Health Directive order continued Stay at Home orders with limited openings of low risk businesses. The State Public Health Officer was given authority to set restrictions on all businesses that were opened.
Statewide Public Health Officer Order: Blueprint for Safer Economy Plan
- “Stay at Home” Order in California’s Pandemic Resilience Roadmap identified four stages of the pandemic: safety and preparation (Stage 1), reopening of lower-risk workplaces and other spaces (Stage 2), reopening of higher-risk workplaces and other spaces (Stage 3), and easing of final restrictions leading to the end of the Stay at Home order (Stage 4);
- The framework for reopening of businesses followed a set of Tiers, where businesses will be opened based on risk-based criteria pertinent to each sector; and
- While the Blueprint was designed to allow more businesses to open, it also established limitations, such as capacity restrictions on indoor areas based on a tier system and stage system.
WHITEPAPER
Top Ten Mistakes of Business Owners on Employee Retention Credit
What is included in the whitepaper:
- How to Qualify
- The New and Improved Covid Relief BIll
- Consolidated Appropriations Act of 2021
- Value of the Employee Retention Credit
- How to get $1000 per Employee
Claim up to $26,000 per employee with the ERC tax credit!
Schedule a free consultation with our team of experts to learn more.
We’ll discuss your eligibility and help estimate your potential tax benefit.