Single Source Advisors, LLC

My revenue went up in 2020, can I still qualify for the ERC program?

Yes! There are two possible qualifications for 2020: revenue reduction, or a "full or partial shutdown of your business due to COVID-19". Specifically, the IRS describes this as "A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings." Below are several examples of qualifying events:

Example 1: A restaurant must close or limit its on-site dining. Such as having to close down every other table, due to COVID-19 restrictions.

Example 2: A business that needs to meet with clients in person and has to cancel meetings due to COVID-19 restrictions.

Example 3: A business has to reduce their operating hours because COVID-19 restrictions and cleaning requirements.

Example 4: A business had delayed production timelines caused by supply chain disruptions.

Example 5: A business with a planned event has to cancel that event, or restrict the amount of people who can attend due to COVID-19 restrictions. https://erc-refund.online/

Single Source Advisors, LLC Specializing in Nationwide Certified IT and Facility Decommissioning Services

While the general qualifications for the ERC program seem simple, the interpretation of each qualification is very complex. Our significant experience allows us to ensure we maximize any qualifications that may be available to your company. https://erc-refund.online/

The Employee Retention Credit or ERC ( https://bit.ly/3IHnbKO ), is a generous stimulus program designed to bolster those businesses that were able to retain their employees during this challenging time. Due to the extremely complex tax code and qualifications, it is severely underutilized.

Details of the program include:

✔️ UP TO $26,000 PER EMPLOYEE
✔️AVAILABLE FOR 2020 & Q1 - Q3 2021
✔️QUALIFY WITH DECREASED REVENUE OR COVID EVENT
✔️NO LIMIT ON FUNDING (ERC IS NOT A LOAN)
✔️ERC IS A REFUNDABLE TAX CREDIT