TAX AND CONSULTING INC.

GET YOUR
E & M TODAY

The Employee Retention tax Credit (E & M) is the largest government stimulus program in history. Find out if your business is eligible to receive a grant of up to $26,000 per employee!

ABOUT E & M

WHAT IS THE E & M ?

The Employee Retention Credit (ERC) was authorized under the CARES Act and encourages businesses to keep employees on the payroll.

The 2020 ERC Program is a refundable tax credit of 50% of up to $10,000 in wages paid per employee from 3/12/20-12/31/20 by an eligible employer. THAT’S UP TO $5,000 PER EMPLOYEE!

The 2021 ERC Program has increased to 70% of up to $10,000 in wages paid per employee per quarter for the first 3 quarters of 2021. THAT’S UP TO $21,000 PER EMPLOYEE!

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Professional Team

Why E & M Today?

Quick Easy
Flexible

Program Experts

This is all we do, and we’re the best in the industry at it. See for yourself.

Quick & Easy

Our streamlined process has some clients filing claims in as little as 1 - 2 weeks.

Secure Process

Put your mind at ease. Our secure Client Portal protects your sensitive information.

No Risk

Receive an initial ERC estimate at no cost, with minimal time invested up front.

True Consulting

Allow us to fully document your eligibility and calculate your maximum ERC.

Amended Filings

Our deliverable is ready-to-file with the IRS without involving your payroll company.

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The Official ERC FAQ

The CARES Act’s Employee Retention Credit is a fully refundable tax credit. For the 2020 program, the ERC is equal to 50% of qualified wages (including allocable qualified health plan expenses) that eligible employers pay their employees. This applies to wages paid after 3/12/2020 and before 1/1/2021. The maximum amount of wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an employee is $5,000.

For the 2021 program, the credit is increased to 70%, and the limit is $10,000 per quarter. This means the annual maximum for an employee is $26,000.

The tax credit offsets all withheld federal employment taxes including federal income tax withholding, Employer FICA and Medicare. Any excess credit will be refunded or advanced by the IRS.

Eligible Employers for the purposes of the Employee Retention Credit are those that carry on a trade or business during calendar years 2020/2021, including a tax-exempt organization, that either :

  • Fully or partially suspends operations by a governmental order, or
  • Experiences a significant decline in gross receipts during a calendar quarter when compared to 2019

The only types of businesses that are not eligible to claim the CARES Act and employee retention credit are federal, state, and local government entities. Self-employed individuals are also ineligible for support, but there are nuance requirements that may allow you to claim.

Tribal governments may be eligible. As you navigate through the application process, you’ll learn quickly what you’re eligible for, and how we can assist you.

If you’re still unsure of whether or not you and your business qualify, start gathering your documents. Applying to determine if you qualify is the only way to know for sure. Even if you’re not eligible under the ERC and CARES Act, you might be eligible for another program.

The operation of a trade or business may be partially suspended if an appropriate governmental authority imposes restrictions upon the business operations by limiting commerce, travel, or group meetings (for commercial, social, religious, or other purposes). This can be a “Stay at Home Order” for non-essential businesses, a capacity restriction, or other possibilities.

Yes, ERC stands for ‘Employee Retention Credit’, also known as the ERTC ‘Employee Retention Tax Credit.’ This program was created by the Coronavirus Aid and Relief Act in 2020 to help businesses keep employees on their payroll. Both Employee Retention Tax Credits (ERTC) and Employee Retention Credits are refundable tax credits.

APPLY TODAY

Take advantage of the EMPLOYEE RETENTION CREDIT (ERTC) for COVID-19 Relief

Employee retention program tax credits (ERTC) are an incredibly valuable benefit for employers. By taking advantage of this program, businesses can receive a tax credit in recognition of the time and effort they’ve devoted to developing their employees and providing them with resources to help them succeed. This employee tax retention credit program provides incentives to employers who have taken steps to invest in their workforce, helping them to retain long-term, committed employees who will be more productive and successful in their roles.

Our Team

Meet Our Professionals

Stephen Swanick

Stephen attended UNC-Chapel Hill where he obtained his B.S. in Business Administration. He received his Masters in Accountancy from UNC Charlotte. He is the founder of 1095EZ Online, and CEO of ERC Today. Stephen also serves as Chairman of the Huntersville Town Planning Board. He is a guru in process engineering and efficiency.

Andrea Swanick

Andrea received her B.S. in Business and MBA with an emphasis in Accounting from Winthrop University. She serves as the company’s Chief Financial Officer. She is also Chair of the Stewardship Committee at First Baptist Church of Huntersville, Treasurer for the Huntersville Chamber, and Treasurer-Elect for her daughter’s school’s PTA.

John Gentille

John is a visionary connector and graduated from Chowan University. As Chief Revenue Officer, John oversees the company’s sales, partnerships, and strategies surrounding business development. John spent most of his career at ADP. Aside from traveling the world with ADP, he generated millions in revenue and also developed several strategic partnerships.