The Employee Retention Credit helps qualifying businesses that experienced revenue declines during the pandemic. This credit helps business owners receive a tax credit of up to $26,000 per employee, regardless of whether they are part-time or full-time. However, you have to file paperwork and gather the necessary documents to ensure you receive the tax credits you deserve.
ERC Guaranteed can make the entire process seamless and help you obtain a tax refund. Discover how the tax firm can help you.
What is ERC Guaranteed?
ERC Guaranteed is a service offered by Sunrise Business Solutions, a #1 rated tax firm since 2017. The firm does not require any upfront money and will conduct a free analysis to see if you are eligible for Employee Retention Credits. You can qualify for all six quarters in a matter of minutes. Since ERC count as tax credits, you do not have to pay them back.
ERC Guaranteed says on its website that 90% of businesses qualify for ERC credits. ERC Guaranteed has helped thousands of companies in all 50 U.S. states and territories claim billions in Employee Retention Credits.
Understanding Employee Retention Credit (ERC)
Employee Retention Credits allow qualifying businesses to receive up to $26,000 per full-time employee. The government initiated the ERC program to give cash back to small and mid-sized businesses that struggled during the pandemic and retained employees. You can claim 2020 ERC credits until April 15, 2024. Tax credits for business activities in 2021 can be claimed until April 15, 2025.
ERC Legislation and Background
ERC legislation began with the CARES Act in 2020 and extended to the first three quarters of 2021. Businesses must have experienced a 50% declining year-over-year revenue during 2020 or a 20% revenue in one of the first three quarters of 2021 compared to the same time in 2019 to qualify for tax credits.
Business owners can receive 50% of an employee’s pay (including healthcare) as a tax credit. The percentage goes up to 70% for the first three quarters of 2021. Any wages above $10,000 do not increase the tax credit. For one employee, you can receive up to $5,000 from the 2020 tax credit and $7,000 for each of the first three quarters of 2021. That brings the maximum total to $26,000 per employee; even part-time employees qualify for the ERC Program.
How Can ERC Guaranteed Help Businesses?
ERC Guaranteed can help businesses by giving them easier access to Employee Retention Credits. ERC Guaranteed fills out the necessary paperwork and files a 941-X form for your company. It can be cumbersome to work on the tax forms yourself and ensure they are accurate. The extra cash you receive from a tax refund can help your business stay afloat or tap into new opportunities.
How Does ERC Guaranteed Work?
The professionals at ERC Guaranteed know what it takes to help you receive the tax credits you deserve. The company embraces a 4-step process for all of its clients.
ERC Guaranteed’s Simple 4-Step Process
After you submit an application, ERC will help to qualify you for ERC credits. After completing this first step, the company will file your ERC using the documents you submitted. Professionals can answer any questions you have along the way when gathering your documents. The third step is to receive your ERC checks in the mail from the U.S. Treasury. Finally, you will have to pay ERC Guaranteed once you receive your tax refund. ERC Guaranteed charges are based on a percentage of the tax refund.
What are the Features of ERC Guaranteed?
ERC Guaranteed has several features that make them an attractive choice for business owners:
- Live support: Receive answers to any of your questions as you submit your application and documents.
- Lower prices: ERC Guaranteed is one of the most affordable solutions for this type of service.
- Professional Liability Errors & Omissions Insurance: The company uses this insurance policy to give you an extra layer of protection.
- Free Analysis: You don’t have to pay ERC Guaranteed until you receive your money.
What Do You Need to Qualify?
Your small to mid-sized business must meet the ERC Program’s eligibility criteria to qualify. Your business must have experienced declining revenue of 50% in 2020 or 20% in at least one of the first three quarters of 2021. You must have retained employees throughout this time frame and continued to pay them. The more you pay your employees, the more tax credits you can receive, but only to a limit. You can receive up to $26,000 in tax credits per employee.
How Much Can You Get with the Help of ERC Guaranteed?
The amount you receive from ERC Guaranteed depends on the number of full-time employees you retained during the pandemic and the wages you paid them. ERC Guaranteed has helped clients get billions of dollars in tax refunds.
What Customers Are Saying About ERC Guaranteed
ERC Guaranteed enjoys an incredible 5.0-star rating on Google across 282 reviews. Many customers express their appreciation for the company and talk about its quality services. These are some of the recent Google reviews:
- “I will forever recommend Sunrise Business Solutions to everyone. These guys know how to get the job done quickly and efficiently and guarantee results. They were also the only provider to tell us we qualify for ERC for all 6 quarters, while others gave us vague responses. Joke is on the others since we have just received our 6 employee retention credit government checks. Incredibly professional, fast and efficient is how I would describe all my communications with Ravi and the team. Well done, guys!” — Lucky Mule
- “I would highly recommend SBS to anyone who is looking for help with their refund claims. They are very professional and efficient and will get the job done right.” — Garret Trent
- “We couldn’t have asked for a better team to handle our application. They were easy to work with, and their knowledge of both the industry and government regulations was very helpful. Thanks, Sunrise Business Solutions!” — Carl Ruiz
Is ERC Guaranteed Worth It?
ERC Guaranteed can be worth it for many business owners. It’s free to get started, and you only pay when you receive your tax refund. If you do not qualify for credits, you will not have to pay any fee to ERC Guaranteed. Other companies may ask for upfront fees, and this is a common pattern among scammers within the industry.
ERC Guaranteed has a team of professionals that will walk you through the process. The firm charges less for its services than most of its competitors. Sunrise Business Solutions has been a top tax firm for several years and brings that experience to deliver high-quality services for its clients.
Sunrise Business Solutions has some of the best Google ratings among its peers. The steady stream of 5-star reviews and customers recommending the firm to colleagues is reassuring.
Start Your ERC Claim with ERC Guaranteed
Starting an ERC Claim with ERC Guaranteed is a straightforward process. You can visit ERC Guaranteed’s website and click the “Apply Now” button. You will then be invited to enter your name, email address, company name, phone number, industry, and the approximate number of W2 employees. You will also have to specify if you are a business owner or decision-maker within the company. ERC Guaranteed will then send you an email containing more details.