South Bend's Employee Retention Tax Credit Experts

A Quick And Easy Application - With No Up Front Fees

Discover how your small business could be eligible to get up to $26,000 per employee for wages that were paid during the pandemic. We can make the most of your Indiana Employee Retention Tax Incentive with a quick application process that will take just 15 minutes of your time.

Apply today and capitalize on of our ERTC financing program to get your funds faster than the IRS

Employee Retention Tax Credit
ertc

What is the Employee Retention Credit (ERC)?

The Employee Retention Credit (ERC) is a Payroll Tax Credit that South Bend organizations can obtain for the wages paid to employees during COVID-19. The Credit was initially signed in March 2020 as part of the CARES Act. The credit was later expanded with the Consolidated Appropriations Act in December 2020 and the American Rescue Plan Act in June 2021.

Business Owners can receive a refundable credit of up to $5,000 per employee in 2020, and up to $7,000 per employee, per quarter (excluding the 4th quarter) in 2021, for qualified employee wages for a total amount of up to $26,000 per employee.

As a part of the American Rescue Plan Act, the ERC program works to supply aid to small businesses and unlike the paycheck protection program (PPP) loan, you are not required to repay the ERC credit amount.

Sign Up To Qualify For ERC

Designated to Rebuild Businesses

This tax credit program is designed to help businesses recover from COVID-19 suspensions.

Developed by the CARES Act

Enacted as part of the CARES Act in March 2020 to help South Bend Businesses

No Required Repayment or Restrictions

ERTC is a refundable credit to be used the way you need and toward the necessary tools to recover your business. 

An Underutilized & Unknown Program

A wide range of business owners do not know about the Employee Retention Tax program or how the refundable tax credit is a claim on qualified wages paid for businesses to keep employees during 2020 and 2021. 

How does my South Bend business qualify for a Indiana Employee Retention Credit?

Businesses that are looking to acquire the Employee Retention Credit (ERC) must match one of the two qualifications in order to be eligible.

  1. A Significant Decline in Gross Receipts:
    • For the year of 2020, a significant decline in profits starts when gross receipts are less than 50% of the gross receipts for the same calendar quarter in 2019 and ends in the first calendar quarter after the calendar quarter in which gross receipts are greater than 80 percent of gross receipts for the same calendar quarter in 2019.
    • For the year 2021, a decline in gross receipts is determined as a quarter where gross receipts are less than 80% of the same quarter in 2019.
  2. Full or Partial Suspension of Business Operations Due to a Governmental Order:
    • An organization may also qualify for the ERTC if its operations were fully or partially suspended during a quarter due to “orders from an appropriate governmental authority limiting commerce, travel, or group meetings (for commercial, social, religious, or other purposes)” due to COVID-19 and if the government orders caused a significant impact to the business.

Please note: to qualify for the credit, you must have had an average of 500 or fewer full-time employees in 2019, 2020, or the first quarter of 2021.

Indiana businesses that can apply for the employee retention tax credit?

There are many eligible businesses that can apply, including Essential Businesses. Here are some common industries:

  • Restaurants and Bars
  • Landscape and Agricultural
  • Manufactures
  • Construction
  • Churches & Religious Institutions
  • Funeral Homes
  • Daycares and Schools
  • Medical and Wellness
  • Law and Professional Services
  • Gyms, Spas, and Fitness Studios

And the list continues, simply apply to see if you qualify for ERC. 

How do I claim the Employee Retention Credit?

Claiming your ERTC is simple with Money Financial Group, and we can help you to secure your ERTC before time runs out. 

To acquire the Employee Retention Credit, employers must apply by submitting an application and producing evidence of business operations that were suspended as a result of governmental action related to the COVID-19 pandemic. This can include documentation of the orders or restrictions that caused the freeze of normal business operations. As well as proof of any wages paid for employers to retain employees during the period of suspension. Also, have the profit and losses for 2019-2021, the internal revenue service Form 941 for each quarter of 2019-2021, as well as the gross receipts for the two-year period.

claim the employee retention credit

The eligibility requirements are not very extensive and we encourage any and all small Indiana businesses that remained in operation and maintained employees during the pandemic to apply. Businesses can claim this credit based on the wages that they paid to their employees during COVID-19. And when they experienced a significant loss of business due to governmental restrictions and difficulty getting the supplies necessary to do their job. 

The time to claim the credit is expected to run out in 2024, so it is more important than ever to get in your application. Submit your application today to learn if your Orlando business is eligible for the Employee Retention Tax Program claim. 

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