Claim Your Employee Retention Tax Credit (ERTC)

Many businesses will meet the qualification criteria, so don’t leave this money on the table.
BOOK MY FREE CONSULTATION

Beware of Fraudulent ERTC Providers

 

According to new ERTC provisions a business can receive up to $26,000 per employee in refundable payroll tax credit whether it received PPP funds or not.

The ERTC offers extensive benefits, but tax filers must beware of bad actors and fraudulent schemes in the tax retention space. With Cunningham & Associates’ tax technical experts hard at work on your case, be assured you’re working with licensed tax professionals committed to filing your taxes the right way.

Don’t Leave Money on the Table

 

The employee retention credit (ERTC) is a fully refundable tax credit employers can claim if they keep employees on the payroll. ERTC’s goal is to help financially impacted employers bounce back from financial fallout of the pandemic pandemonium and regain economic security.

Businesses often assume they must have reported a revenue decline, received “non-essential business” status, or forfeited their right to their ERTC after claiming a PPP1, PPP2, or both in order to qualify—but that’s not the case. 

Ways to Potentially Qualify for the ERTC:

  • Capacity Restrictions
  • Supply Chain Disruption
  • Travel Restrictions
  • Commerce Disruption
  • Group Gathering Limitations
  • Vendor and Customer Restrictions
  • Full or Partial Shutdowns
  • Jobsite or Customer Shutdowns
  • Work-from-Home Orders

Thousands of businesses across the United States qualify for the ERTC but don’t know how best to take advantage of this credit or where to turn for professional help. 

Get More Out of Your ERTC with the Protection You Deserve

Cunningham & Associates provides tax filers with the credentials, experience, and expertise to maximize employee retention credit (ERTC) benefits while complying with the latest IRS rules and regulations.

During the pandemic, we’ve documented well over TWO BILLION dollars in ERTC claims for thousands of clients. Businesses trust our expertise and our ability to go above and beyond, saving you thousands on taxes.

We offer IRS-compliant retention credit services and transparent, fixed-fee pricing for end-to-end deliverables. With more than 30 years of audit experience, we’re versed in winning client work based on credibility, loyalty, and trust while remaining 100 percent in compliance with IRS standards.

What Sets Cunningham & Associates Apart

Cunningham & Associates is a licensed, professional specialty tax firm that provides top-notch employee retention credit (ERTC) credit services in compliance with IRS tax rules and regulations.

We work closely with CPAs and comply with licensing standards to deliver the most reliable results. With years of industry experience in tax strategies, transactional planning, and valuation, we’re ready to roll up our sleeves and maximize your employee retention credits. 

Unlike other competitors in the field, we are federally licensed with unlimited rights to represent taxpayers before the IRS. We’re so confident in our approach that we sign all tax returns as a licensed preparer, holding our firm to the highest standards. 

Explore Our Step-By-Step Process

Our technical tax experts work alongside you at every stage of the discovery and tax preparation process to ensure the very best compliant, cohesive outcomes.

1. Schedule a discovery call (30 minutes).

We get to know you, determine if we’re a fit, and go over the basic framework of employee retention credit (ERTC) tax filing.

2. Complete a detailed executive summary and full audit.  

We explore your individual case, analyze your financials, and consult the national database in accordance with all federal tax forms and national regulations set forth by the IRS.

3. Meet to discuss our findings. 

We schedule a second call to review our findings and offer an outline to explain our procedure and next steps.

4. Finalize your tax filings. 

We complete your filings in connection with our team of technical tax experts, conduct quality control, and sign on the dotted line as your licensed tax preparer before sending it off to the IRS.

We’re Proud to Get Our Clients the Very Best Results

To date, we’ve helped thousands of businesses document over two billion dollars in employee retention credit (ERTC) claims during the pandemic.

Now, we’re ready to help you do the same.

$3.7 Million

Motorsports Company in Florida

$906,000

Restaurant in California

$3.6 Million

Community Service Nonprofit in Maine

$4.7 Million

Manufacturing and Hauling Company in Kentucky

$188,000

Electrical Contractor in Massachusetts

Our Clients Say It Best

Thank you for all the hard work, we are thrilled with the end result!

R. V. F.

Carla Corporation

The Tax Firm we used for ERTC Reviews went above and beyond. Highly recommend it!

J.W.

River Valley Companies

I’m so thrilled that all of these efforts came together to help one of our favorite organizations.

D.C.

Twelve Points Wealth Management

Employee Retention Credits FAQs

Who qualifies for the employee retention credit (ERTC)?

For-profit businesses and tax-exempt organizations operating in any calendar quarter of 2020 or 2021 can claim this credit, but only if they meet certain criteria listed below:

  • The business had to fully or partially suspend activities due to a pandemic-related government order limiting commerce, travel, or group meetings because of COVID-19, but only during enforcement of the order.
  • The business experienced certain revenue declines in a quarter in 2020 or 2021 when compared to 2019.
How much is the ERTC worth?

For 2020, the tax credit equals 50 percent of qualified wages that an eligible employer pays their full-time employees, and qualified employers can earn a maximum credit of $5,000 per employee per quarter (or $15,000 per employee for the first three quarters of the year).

For 2021, the tax credit equals 70 percent of qualified wages that an eligible employer pays their full-time employees, and qualified employers can earn a maximum credit of $7,000 per employee per quarter (or $21,000 per employee for the first three quarters of the year).

Do you still qualify for the ERTC relief if you took out a loan or applied for an additional tax credit?

Yes, you do qualify. Before the CAA passed in December 2020, businesses couldn’t claim the ERTC if they took out a PPP loan. However, with the CAA changes, you are eligible for ERTC in 2021 even if you took out a PPP loan.

 

Is there a deadline for claiming the ERTC?

Employers who qualify for the ERTC in 2021, including those with a PPP loan, can claim a refundable tax credit against the employer share of Social Security tax equal to 70 percent of the qualified wages they paid to employees after Dec. 31, 2020, through June 30, 2021.

For employers who wish to claim the ERTC for quarters in the year 2020, the deadline to do so is April 15, 2024. 

What are ERTC-qualified wages?

You must pay W2 wages in order to be eligible for the employee tax retention credit. The ERTC defines qualified wages as wages and compensation employees receive during the allotted time frame. Qualified wages also include any health plan costs associated with the wages paid out during the year.

Yet another factor determining qualified wages is how many full-time equivalent (FTE) employees you had in 2019. In 2020, businesses with fewer than 100 FTE employees could claim the ERTC on all wages paid to employees during a qualifying period. The qualifying period was when business was shuttered due to the pandemic.

The Consolidated Appropriations Act changed the threshold for FTE employees from 100 to 500, meaning that businesses with up to 500 FTE employees in 2019 could claim the ERTC in 2021 for wages paid out during working and non-working or shutdown periods.

What about businesses with more than 500 FTE employees in 2019? They could claim the credit, but only for wages paid out while the employee wasn’t performing work for the company.

How has the American Rescue Plan expanded ERTC eligibility?

The American Rescue Plan and the ERC for 2021 specifically further expanded the credit’s eligibility to:

  • Any new startups founded after February 15, 2020, with annual gross receipts up to $1 million, with the credit capped at $50,000 per calendar quarter.
  • Companies with a revenue decline of 90 percent or more compared to the previous year.
  • What about self-employed workers? Out of luck, unfortunately. The employee retention credit isn’t available for self-employment services or earnings.
How does the ERTC work if you're a one-employee business?

For example, if you have one employee whose wages could qualify your business for the ERTC and you paid them $10,000 in qualified wages for Q1 of 2021, you’d get a tax credit of $7,000.

In another example, imagine you paid one employee $3,000 in qualified wages, and you provided them with $500 in health insurance for Q1 of 2021. In this case, you’d add the qualified wages and the health insurance, then multiply by 70 percent for a total credit of $2,450.

What does ERTC look like for several employees?

For instance, imagine you employ three people and paid two of them $10,000 in qualified wages during Q1. The third employee was paid $20,000 in qualified wages during the same quarter—but remember, the max you can claim in qualified wages per worker per quarter is $10,000. Your credit in this scenario would be $21,000.

Do you qualify for the ERTC?

Don’t leave money on the table. Find out if you qualify for the employee retention credit by booking an appointment with one of our tax experts today.

Newsletter Signup