Stimulus Benefits Check-In
Find out how to generate additional cash flow
If you haven’t heard, your business may qualify for the Employee Retention Credit (ERC), a refundable credit against certain taxes. The latest COVID-19 stimulus package opened up the rules and you’ll want to learn more. Effective January 1, 2021, ERC amounts increased to 70% of qualified wages, and the maximum credit is now $14,000 per employee, up from $5,000 last year. Clayton & McKervey can help you maximize all stimulus benefits including PPP1 loans, PPP2 loans, and the ERC. Contact us today to learn more!
Analysis of PPP Loans & the Employee Retention Credit
Is your business eligible for an ERC? Do you need help understanding and leveraging the benefits? We can help you navigate the nuances of the ERC rules so you can keep employees on your payroll.
PPP1 & ERC
Did you realize that your business can take advantage of both the ERC and the PPP1 loan? We can help you maximize employee wages so you receive full loan forgiveness on PPP1 and qualify for 2020 ERC.
PPP2 & ERC
Did your business have a 25% reduction in gross receipts in any quarter in 2020, compared to 2019? If so, you may be able to apply for PPP2. Learn how to take advantage of PPP2 and ERC in 2021.