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The Employee
Retention Credit

Get up to $7,000 back per quarter, per employee for your company

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What is the Employee Retention Credit?

  • Created by Congress to encourage employers to keep their employees on the payroll during the months affected by the coronavirus pandemic 

  • A fully refundable tax credit for a percentage of the qualified wages you pay your employees 

  • Available to all employers of any size that paid qualified wages to their employees during the COVID19 shutdown 

  • Recent change now allows you to claim up to $7,000 per quarter, per employee 

 

Who is eligible?

  • Are you a business that had to partially or fully suspend operations due to COVID-19?

  • Did your revenue decline by 20% or more in any quarter in 2021 compared to the same quarter in 2020 (or 2020 to 2019)?

  • Did you start a new business (or new trade within your business) after February 15th, 2020 and have less than $1M in revenue?

If yes to any of the above, you likely qualify!

Example 

Say you have 10 employees. You pay each employee $10,000 in qualified wages during the quarter. Because you can claim $7,000 per employee per quarter, your Employee Retention credit would be $70,000 ($7,000 X 10 employees). 

 

How it works 

  1. Take our preliminary assessment to see if you’re eligible 

  2. TaxTaker will determine and calculate your qualifying wages 

  3. We’ll help you get your money ASAP

 

See if you qualify in 2 minutes or less.

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