EMPLOYEE RETENTION CREDIT SERVICES

Maximize Employee Retention Credit benefits with Aprio

The Employee Retention Credit (ERC) is a refundable federal payroll tax credit designed to encourage businesses to retain their employees through COVID-19. This valuable credit can provide up to $26,000 per employee across the 2020 and 2021 tax years.

Aprio’s ERC experts are nationally recognized COVID relief thought leaders. Our deep experience enables our team to think creatively within the confines of IRS regulations to maximize the benefits of the ERC, PPP and other credits to increase liquidity.

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Justin Elanjian, Partner in charge of ERC and PPP services

Justin Elanjian, CPA

Partner-in-Charge, PPP & ERC Services

ERC-50-dedicated-professionals

ERC assistance from nationally recognized COVID relief benefits experts

Aprio’s dedicated ERC and PPP advisors have been on the of the forefront of educating the public and guiding clients to maximize COVID relief benefits. We continuously monitor new guidance from the SBA, as well as the Treasury, Congress and the IRS, to ensure we have the latest information when advising our clients.

Aprio’s COVID relief benefits experts are regularly featured in some of the nation’s most reputable publications for their ERC- and PPP-related expertise. Leverage the experience of over 50 dedicated advisors.

Aprio's Employee Retention Credit team leads

Adam Rimes

PPP and ERC Operations | Partner

Craig Fisher

Senior Tax Manager

Tommy Lee

Retail, Franchise & Hospitality Leader | Tax Practice | PPP & ERC Advisor

ERC must be considered in your PPP loan forgiveness application

PPP borrowers are now eligible to obtain the Employee Retention credit. A proactive approach is needed to maximize PPP loan forgiveness and fully leverage the benefits of ERC.

The Aprio team can help you create an overarching strategy that incorporates PPP, ERC and other tax credits and incentives such as the R&D tax credit ensuring there’s no money left on the table.

Your Aprio advisor will provide guidance to maximize your benefits, help you claim your credits and prepare to apply for PPP loan forgiveness.

 

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Are you eligible for the Employee Retention Credit?

The ERC applies to any private-sector business or tax-exempt organization that carries on a trade or business that experienced either of these conditions:

Experienced a full or partial suspension in operations – Business was either fully or partially suspended due to orders from the federal government, or a state government having jurisdiction over the employer, limiting commerce, travel, or group meetings due to COVID-19.

Experienced a significant decline in gross receipts – During any quarter compared to that same calendar quarter in 2019. Defined at a 50% decline in any quarter during 2020 and a 20% decline in 2021.

Is a Recovery Startup Business – A business that (1) began carrying on a trade or business after February 15, 2020, (2) has average annual gross receipts that do not exceed $1,000,000 and (3) do not meet either of the other two criteria outlined above.

Learn if your company qualifies for the Employee Retention Credit.

Understanding qualified wages and the maximum potential credits per employee

This valuable credit can provide a potential tax credit total of up to $26,000 per employee across 2020 and 2021.

Most businesses

Recovery Startup Businesses

2020

Qualified wages include compensation provided to an employee from March 13 to December 31, 2020

BUSINESSES WITH 100+ EMPLOYEES* – The credit is only available to employees who are not providing services.

50% of qualified wages up to $10,000 per year, per employee = $5,000

2021

Qualified wages include compensation provided to an employee from January 1 to September 30, 2021

BUSINESSES WITH 500+ EMPLOYEES* – The credit is only available to employees who are not providing services.

70% of qualified wages up to $10,000 per quarter, per employee = $21,000.

2021

Qualified wages include compensation provided to an employee from July 1 to December 31, 2021

BUSINESSES WITH 500+ EMPLOYEES* – The credit is only available to employees who are not providing services.

70% of qualified wages up to $10,000 per quarter, per employee = $14,000 with a maximum of $50,000 per quarter for the company.

Discover Aprio’s ERC solutions

Claim the ERC, hassle-free

Maximize the benefits of the Employee Retention Credit with Aprio.

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