ERC free tax refund

What is an ERC tax refund?  

The Employee Retention Credit (ERC) is a refundable tax credit for businesses and tax-exempt  organizations that retained employees during the Covid-19 pandemic. It was developed to encourage  and support employers who retained existing employees throughout 2020 and for the first three  quarters of 2021. Eligible businesses can receive a refund of up to $26,000 per employee.  

Do I qualify?  

Many eligible businesses are unaware that they qualify for this program and have not yet claimed their refund. The credit is available to employers that paid qualified wages to some or all employees after  March 12, 2020, and before January 1, 2022. Eligibility and refund amount vary depending on when the  business impacts occurred. If your business retained employees through the Covid-19 shutdowns, your  business is likely eligible. 

How does it work? 

Eligible businesses can receive a refund of up to $5,000 per employee for all of 2020 and up to $7,000  per employee kept on the payroll for each quarter for Q1 through Q3 of 2021. At Lionheart Capital, we  understand that navigating the ERC refund process can be complicated and confusing. That’s why we  created a system to help guide you so that you can easily claim your refund.