Do you qualify for the Employee Retention Tax Credit?

Was your business affected by government shutdowns? Did you lose money due to the impact of the COVID-19 pandemic? Find out if you can claim up to $26,000 in tax relief per employee!

Tax Experts today! What is the Employee Retention Tax Credit (ERC)?

  • A tax credit for employers impacted by COVID-19 shutdowns or hardships.
  • This refundable tax credit is a relief measure for companies to keep employees on their payroll.
  • As a result of ERC expansion effective January 1, 2021, all employers who took PPP loans may be eligible for the ERC for 2020 and 2021.
  • Leyton dedicates a staff of tax professionals to ensure your claim is compliant with all new IRS guidance.

See if you qualify for the Employee Retention Credit

This questionnaire will help determine your Employee Retention Tax Credit (ERC) eligibility and connect you with a Leyton Tax Expert who can provide a free consultation.

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See if you qualify for the Employee Retention Credit

    To qualify for the ERC, you must show that gross receipts in 2020 and 2021 declined between comparable quarters in 2019. In 2020, this reduction must meet or exceed 50%. In 2021, this reduction must meet or exceed 20%

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      The second qualifying criteria to claim the ERC is showing whether or not your business was forced to fully or partially close, reduce hours, or suspect operations because of a government order due to COVID-19.

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        Please provide some contact and business information to our ERC tax experts. Our experts will guide you through the claim process and ensure you maximize your claim amount.

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        Employee Retention Credit (ERC)

        The Employee Retention Credit (ERC) is a tax credit created under the CARES Act. Business owners may not realize that there is potential tax credit for employers who were impacted by COVID-19. This refundable tax credit is a relief measure for businesses that encourages them to keep employees on their payroll. The ERC legislation was expanded under the Consolidated Appropriations Act, which took effect on January 1, 2021. As a result of this expansion, all employers who took PPP loans could be eligible for the ERC for 2020 and 2021. Because the ERC legislation is changing, Leyton dedicates a staff of tax professionals to ensure you claim is compliant with all new IRS guidance.

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        How to claim the ERC

        • Under the ERC, an eligible employer may claim a payroll tax credit to offset all federal employment tax paid from March 13, 2020 until September 30, 2021.
        • Eligible employers include those who experience a suspension of activity due to a governmental order as a result of COVID-19 OR those who experienced a significant decline in gross receipts: 50%+ for 2020 and 20%+ for 2021 compared to 2019.
        • Employers may claim up to $5,000 per employee for all of 2020 and up to $7,000 per employee per eligible quarter in2021.
        • Weren’t eligible to claim in 2020? You may be eligible now! This credit can be claimed retroactively.

        Why you should choose Leyton

        • We can determine if your small or large business qualifies as ERC eligible employer.
        • We can help determine if qualified wages were paid to employees during relevant time periods.
        • We’ll calculate your ERC for all applicable financial quarters during 2020 and 2021.
        • We can navigate the interactions between your PPP loans and other credits to help you ensure IRS compliance and reduce audit risk.
        • We’ll prepare a detailed summary report to substantiate your credit per employee.

        Meet our Employee Retention Tax Credit Experts

        Jennifer Green, Verrill Dana Photos by Brian Fitzgerald.

        Jennifer Bolton, LL.M.

        Jen Bolton is a Senior Tax Manager at Leyton. She is responsible for overseeing all tax advisory services to our diverse clients and their specific needs. Jen is an expert in tax and is actively involved in tracking ERC legislation and applying it to our clients’ claims. Jen is incredibly attentive to detail and ensure every claim processed through Leyton is upheld to the highest of standards

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        Karl Sussan, LL.M.

        Karl Sussanis one of our ERC tax leads. Karl is responsible for the accurate calculation and identification of qualified claim expenses. In addition, Karl is a true client advocate, going above and beyond to educate and inform clients on their tax situations.

        Linkedin

        Meet our Employee Retention Tax Credit Experts

        Jennifer Green, Verrill Dana Photos by Brian Fitzgerald.

        Jennifer Bolton, LL.M.

        Jen Bolton is a Senior Tax Manager at Leyton. She is responsible for overseeing all tax advisory services to our diverse clients and their specific needs. Jen is an expert in tax and is actively involved in tracking ERC legislation and applying it to our clients’ claims. Jen is incredibly attentive to detail and ensure every claim processed through Leyton is upheld to the highest of standards

        Linkedin

        Karl Sussan, LL.M.

        Karl Sussanis one of our ERC tax leads. Karl is responsible for the accurate calculation and identification of qualified claim expenses. In addition, Karl is a true client advocate, going above and beyond to educate and inform clients on their tax situations.

        Linkedin

        Ready to start claiming?

        Contact us today!