EMPLOYEE RETENTION CREDIT COVID RELIEF
The Employee Retention Credit (ERC) is a refundable tax credit for businesses that continued to pay employees while shut down due to the COVID-19 pandemic or had significant declines in gross receipts from March 13, 2020 to Dec. 31, 2021. Eligible employers can claim the ERC on an original or adjusted employment tax return for a period within those dates.
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The Employee Retention Tax Credit is a pandemic relief tax credit under the CARES Act providing qualifying businesses up to $26,000 per W2 employee.
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Profit and Loss
Provide Statements of Profit and Loss, by quarter, for 2019 through 2021
Group Health Insurance
Upload your Company's monthly group health insurance statement for 2020 and 2021 only
PPP Loan Records
If applicable, provide PPP loan records for your 1st and/or 2nd draw
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Quarterly Form 941
Upload your Q1 through Q4 IRS Form 941s for 2019, 2020, and 2021
Payroll Detail Records
Provide Payroll Detail Reports for the time period of 2020 Q2 through 2022 Q1
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PPP Forgiveness Letter
If applicable, upload your Company's Loan Forgiveness Letter received for your PPP Loan
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