Employee Retention Tax Credit (ERTC)

Has your business been financially impacted by the COVID-19 pandemic?

You may now be eligible for Employee Retention Credits (ERC) of up to $26,000 per employee.

The eligibility requirements for ERC are as follows: Your business ex perienced a partial or complete suspension of operations. This includes:

Social distancing requirements that reduced capacity
Reduction of hours of operation
Suspended onsite work or client meetings
Distribution delays or suspensions
Supply chain disruptions

This Is Not A Loan Or Grant. This Is An IRS Refund.

The Employee Retention Credit (ERC) is a payroll tax refund born out of the same COVID relief bill as PPP, which incentivized businesses who kept employees on payroll during the pandemic. Your business can claim ERC even if you’ve received PPP funds.

For More Information :

Helping Businesses That Struggled Through The Pandemic

The employee retention credit is a tax credit that helps businesses keep their employees during difficult economic times. The credit is available to businesses of all sizes, including corporations and sole proprietorships. To be eligible for the employee retention credit, a business must have experienced a decrease in gross receipts of at least 50% when compared to the same quarter in the prior year. The credit is available for up to $26,000 per employee, and it can be used to offset payroll taxes or other employment-related costs.

The employee retention credit was created in response to the COVID-19 pandemic, and it is available for businesses that have been affected by the pandemic. The credit is available for businesses that are located in Corpus Christi, Texas.

The Employee Retention Tax Credit (ERTC) is a tax credit that can help small businesses keep their employees during tough economic times. If your business has been affected by COVID-19, you may be eligible for the credit.

To be eligible for the ERTC, your business must have experienced a significant decline in revenue. If your business has been forced to close or reduce operations due to COVID-19, you will likely meet this criteria.

Once you have determined that your business is eligible, you can claim the credit by completing Form 941-X. This form must be filed with the IRS within a year of when you paid your employees.

South Financial Services is a financial services company that specializes in helping businesses with their financial needs including filing for the employee retention credit. We can help you determine if you are eligible for the credit and how to claim it. Contact us today to learn more about the employee retention credit and how we can help your business.

The employee retention tax credit is a valuable tool for small businesses in Corpus Christi. It can help offset the costs of retaining employees during difficult economic times.

South Financial Services can help you take advantage of the employee retention tax credit. We can help you determine if your business is eligible, and how much you could receive. Contact us today to learn more.

Request a Call Back

Call us and we will look at your eligibility immediately and get you going.

(361) 334-3185

Eligibility Requirements:

Social distancing requirements that reduced capacity

Reduction of hours of operation

Suspended onsite work or client meetings

Distribution delays or suspensions

Supply chain disruptions

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