Employee Retention Credit

Service Description

What is Employee Retention Credit (ERC)? Employee Retention Credit is a FREE tax credit (REFUND) created by the U.S. government (CARES ACT) to encourage smaller businesses to retain employees during COVID-19 shutdowns and slowdowns. Refund does not need to be paid back. How do I get a cash refund from the ERC? ERC is a federal payroll tax credit (REFUND) for payroll periods in 2020 & 2021. In most cases tax credits reduce the total amount of taxes owed. If your taxes owed are reduced to zero you are entitled to compensation above and beyond your original tax liability. Get Money from the IRS even if you received PPP. Why should I work with MIDTOWN TAX SERVICES? Navigating the nuances of the Employee Retention Credit includes working through more than 170 pages of IRS documentation covering rules, required paperwork, and more. In short, it’s pretty complicated! But to make it simple for you we have worked with our partners and ERC tax experts to provide best in class technology and expertise to help you maximize your ERC credit for your business, with the least amount of effort on your part. Do we charge for this process? There are no upfront charges or fees to determine your ERC eligibility, and you will never pay out-of-pocket. Once your credit is successfully processed with the IRS, our fee is 10% which is lower than our competition. We only get paid if you get paid and there are no other hidden fees or obligations.