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Nonrefundable portion of erc

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Employee Retention Credit

Book Free Consulation
Tax Law Firm Specialize in the
Employee
Retention
Tax Credit
IRS ERC HELP is a Tax Department
of Hashmat Law Group
dedicated solely to
understanding and maximizing
the CARES Act Employee
Retention Tax Credit (ERTC) for
small businesses negatively
impacted by COVID 19.
We understand the complexity of Tax laws pertaining to the Employee
Retention Tax Credit. Get up to $ 26,000 per employee you retained
during 2020 and 2021. Call us now or Book a free consultation!
 (516) 500-5000

Business Growth

Sustainability

Performance
We help you fully document
With the right plan in place,
Put your mind at ease. Our
your eligibility and calculate
your business sustainability
quick & easy process
your maximum ERC.
will never be an issue with
Book filing
a Freeclaims
Consultation
helps
in as
us.
little as 1-2 weeks.
What Is Employee Retention
Credit?
The Employee Retention Credit (ERC) is a tax
credit provided by the U.S. government to support
businesses during challenging times, such as the
powered by Calendly
COVID-19 pandemic. It was introduced as part of
the CARES Act in 2020 and has since been
expanded and extended to help businesses retain
their employees.
The Employee Retention Credit
COVID-19 has proven to be a huge hit for all of us. As the world was shut down, the economy came
to a halt, leaving the future of many businesses in an insecure position. As we begin to find
normalcy again, small businesses now must focus on recovering and fortunately, several
government programs are easing this process.
IRS ERC Help is a company which specializes in The Employee Retention Credit or ERC, a program
designed to boost those businesses that were able to retain their employees during this
challenging time. Due to the complex tax code and qualifications, it is sternly underutilized. Details
of the program include:

NO LIMIT ON FUNDING
(ERC IS NOT A LOAN)

ERC IS A REFUNDABLE
TAX CREDIT
The Numbers Speak The Truth
$0
0
BUSINESSES REACHED
CREDITS RECOVERED
0
EMPLOYEES QUALIFIED
Maximizing the benefits of the
Employee Retention Credit
1. Understand Eligibility Criteria: To maximize the benefits of the Employee Retention Credit,
businesses need to familiarize themselves with the eligibility criteria. Initially, the ERC was primarily
available to businesses that experienced significant revenue decline or were subject to full or
partial shutdown orders. However, with recent updates, even businesses that did not suffer
revenue losses may qualify for the credit.
2. Consult with Tax Professionals: Navigating the complexities of tax credits can be challenging.
Therefore, it is advisable to consult with tax professionals who specialize in ERC to ensure
businesses fully understand the eligibility requirements, claim procedures, and documentation
needed. Tax professionals can help identify all eligible quarters, calculate the credit accurately, and
provide guidance on optimizing the benefits.
3. Document and Retain Records: Proper documentation is crucial when claiming the Employee
Retention Credit. It is essential to maintain accurate records, including payroll reports, revenue
statements, and documentation related to government orders or shutdowns. By organizing and
retaining these records, businesses can demonstrate their eligibility and support their claims if the
IRS conducts an audit.
4. Stay Updated on Changes: The ERC has undergone several changes and updates since its
inception. It is important for businesses to stay informed about any modifications, expansions, or
deadlines related to the credit. Regularly check official IRS sources, consult with tax professionals,
or join relevant industry forums to stay updated on the latest developments.
How is $26,000 per employee
calculated ?
Here’s how the $26,000 per employee is calculated:
1. In the tax year 2020, the ERTC is based on a cap of
$10,000 in wages paid per employee. Eligible
businesses can claim 50% of this amount, resulting
in a maximum credit of $5,000 per employee for the
entire year.
2. In each quarter of 2021, the cap remains at $10,000
in wages per employee, but the credit percentage
increases to 70% per quarter. This means eligible
employers can claim up to $7,000 per employee per
quarter in 2021.
Why Consult with Hashmat Law Group?
While the ERC program’s general standards appear
straightforward, the interpretation of each qualification is
quite difficult. Because of our extensive experience, we can
ensure that we make the most of any qualifications that
may be accessible to your organization.
FULL OR PARTIAL SUSPENSION OF BUSINESS

OPERATIONS
A government agency mandated a partial or complete
shutdown of your business in 2020 or 2021. This includes
your operations being hampered by commerce, inability to
travel, or group meeting restrictions.

GROSS RECEIPTS REDUCTION
The gross receipt reduction criteria for 2020 and 2021 are
different, but they are measured against the current quarter as
opposed to 2019 pre-COVID amounts.
VIEW OUR ERC SUMMARY TABLE 
What our clients are saying
Scott Moore
I highly recommend it. When
Deven
Rasmussen
I learned about the ERC
The procedure was extremely
program, I contacted my
simple and painless. ERC
CPA. He called 30 minutes
Specialists was extremely
later to tell me I didn’t qualify.
professional and detailed.
I had ERC Specialists check
They also advised me on how
to see if I qualified out of
to improve my chances of
curiosity. I discovered that I
receiving additional funds in
had received the ERC for 7 of
the future. I had an excellent
my 9 employees.
experience with them and
would recommend them to
any business owner.
Ready to Get Started?
Contact Us
Hashmat Law Group is a Law firm dedicated solely to understanding and maximizing the CARES Act Employee Retention Credit
(ERC) for small businesses negatively impacted by COVID 19.
Contact
Details
 320 Post Ave, Suite108
Westbury, NY 11590
(516) 500-5000
 contact@irserchelp.com
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Us
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IRS ERC HELP, INC DOES NOT provide any legal or accounting advice and users of this web site should consult with their own lawyer and
C.P.A. for legal and accounting advice.
Copyright © 2023 Hashmat Law Group
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