What is the Employee Retention Credit (ERC)?
This is a fully refundable tax credit, which means a check directly from the IRS to you!
ERC is a stimulus program designed to help and reward businesses with W-2 (payroll) employees during COVID. All businesses were affected by COVID restrictions and qualify for Employee Retention Credit. Find out how much you qualify for today.
It is a grant that was established by the CARES Act that you can claim for your business. It is based on qualified wages and healthcare paid to employees.
You can receive up to $26,000 per payroll (W-2) employee. Eligible periods are March 12 2020 – September 30th 2021. You can claim up to $5,000 per employee for the 2020 year and up to $7,000 per employee for each of the first 3 quarters of 2021.
Why choose Park Settlement?
Experts in the Field.
Our staff is fully up to date on all the changes that ERC program has gone through.
Receive Your Credit Timely.
Once you start working with us, we will make sure to complete the process as quickly as possible.
Quality Assurance.
All documentation goes through several rounds of quality control.
Transparency.
We will share a detailed report of each credit received per employee at your request.
Maximize Your Claim.
We will calculate your refund for all eligible quarters during 2020 and 2021 and make sure you receive the maximum refund that you are eligible for.
Serving All Industries.
Accounting • Cannabis • Financial • Health & Fitness Hospitality • Insurance • Law • Manufacturing • Medical • Non-Profit • Real Estate • Retail • Software & Tech • Dental • and more!
what our clients have to say
Let’s Get Your Refund Started Today.
FAQs
Our fee depends on your credit amount. The good news is we do all the work on a contingency basis. We get paid, when you get paid. Our fee includes preparing your claim by a professional CPA specialized in qualifying, substantiating, calculating and claiming ERC credits. Our CPAs offer audit protection. If you’re audited in the future on the ERC our CPAs will be there to help for no additional costs.
The PPP was a forgivable loan that was heavily marketed by the SBA. The ERC is claimed directly from the US Treasury and its purpose is to return the payroll taxes already paid by your business.
The time to claim the refund is running out. You must act on it as soon as possible as time is of the essence.
Both essential and non-essential businesses definitely qualify for the ERC. Additionally, a decline in revenue is not required as many of our clients who had more sales still experienced disruptions or supply chain issues that negatively impacted their businesses.
The ERC first derived from the CARES act which is where the PPP originated from as well. The idea was for it to provide relief for small and medium size businesses who kept their employees during the COVID-19 pandemic. At the time, employers who were eligible for the PPP were not allowed to take the ERC in addition. However, in 2021, Congress enacted the Consolidated Appropriations Act, allowing businesses to apply for both progams.
Speak to one of our ERC specialists to find out if you qualify. Most businesses that experienced disruptions to commerce, travel, or group meetings due to a government order might qualify. This would include supply chain disruptions, price increases, reduced open hours, a reduction in services offered, or were limited to traveling or attending conventions.
This is not a loan but rather a refund of payroll your previously paid. This does not need to be paid back.
Once the paperwork is submitted to the IRS, the processing time is typically 4-5 months.
All Businesses were affected by COVID restrictions and do qualify for Employee Retention Credit. It is important to find out how much you qualify for. We have helped many customers just like you that were previously told by their finance team, CPA or accountant that they did not qualify. Call us today so we can tell you how may be qualified for.
Absolutely. It is not a necessity for a 25% reduction in revenue. Like PPP-2 as long as you can demonstrate a partial interruption in business operations you qualify. There are many ways businesses fully or partially suspend operations during each calendar quarter including supply chain i issues. We will help you document and qualify for partial suspensions as part of an engagement.
Park Settlement has been helping consumers and businesses get the money they deserve from different settlements and tax credits for years.
With this employee retention credit we have helped 100s of businesses get back over $350m.
We are experts at making sure to maximize the amount you get back.
