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How to Maximize ERC Money for Your Business

Published on
November 27, 2023
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Whether you have already reviewed the ERC for your business before or if you are doing so for the first time, we encourage you to contact us today. Many business owners are prematurely disqualifying themselves from ERC because of misinformation, rumors, or lack of understanding, thus examining your business's qualifications for this benefit with one of our SUNRISE professionals can ensure you are receiving the most ERC this cash incentive has to offer.

QUALIFY in Just 60 Seconds!! Don’t leave your money on the table. Learn about Employee Retention Tax credit TODAY!

What is ERC?

The COVID-19 pandemic disrupted companies all around the world. In March of 2022, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. A comprehensive federal economic relief package, the CARES Act included the initial authorization of the Paycheck Protection Program (PPP.) The CARES Act also created a lesser-known financial option: the Employee Retention Credit (ERC).

The ERC is a cash back tax credit, available to qualified businesses, that you receive in 6 checks—including many companies that received funds through the PPP. The ERC tax credit offers up to $26,000 per worker for qualifying businesses. It is not too late to file for the ERC credit for 2021 and 2020. Here, you will find an overview of the most important things to know about filing for the Employee Retention Credit (ERC) for 2020 and 2021 in 2022

Employee Retention Credit: Explained

As a starting point, it is important to understand what the employee retention tax credit is and how this employee tax credit works. As explained by the IRS Internal Revenue Service and the United States Department of Treasury, the ERC is a specialized, refundable tax credit in the form of a check that rewards businesses and organizations that kept employees on their payroll through the COVID-19 pandemic, despite being shut down or experiencing a significant loss of revenue.

There are many ways to qualify for this credit. Many companies think that they have to have revenue loss in order to qualify for ERC, which is not true. Sunrise Business Solutions will help you legally qualify. There are many ways to qualify and we have all these government orders.

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Sunrise Business Solutions will not only guarantee you qualify for all 6 quarters but also make your ERC 100% risk free, and our experienced ERC Specialists will file in less than 5 days guaranteed. Get in touch with us now, and get the maximum credit you can get.

Know Your Rights: It’s Not Too Late to File for the ERC

The Employee Retention Credit is effectively a government grant to support the businesses that kept their staff on even though they suffered COVID-19 related financial harm. Businesses can receive a significant amount of money by claiming this tax credit. Our clients average 3 - 7 times their PPP1. However, many business owners are simply not aware that this is an option.

One survey from the National Federation of Independent Business (NFIB) found that just 8 percent of small businesses used the program in 2020. This is despite the fact that many more businesses meet the qualification standards. It is not too late: Under IRS regulations, businesses can still claim the ERC tax credit for 2020 and the ERC tax credit for 2021 in 2022.

While the ERC qualifying period ended on September 30th, 2021 (end of third quarter of 2021), the law includes a three-year look back provision to apply retroactively. As such, all businesses and organizations have the chance to claim the ERC through an amended Form 941 x for three years. In 2022, you can still claim the ERC for all six quarters (2020 and 2021).

How Our Employee Retention Credit Specialists Can Help

The ERC application process can feel daunting. Many small and mid-sized business owners are not sure if they are qualified or where to start. At Sunrise Business Solutions, our ERC specialists are here to help you secure the maximum available ERC—Guaranteed. We help our clients with a wide range of issues, including:

  • Employee retention credit 2020
  • Employee retention credit 2021

A business may be able to obtain up to six quarters worth of ERC credits per employee. We will conduct a comprehensive assessment of your case and help you ensure that your company claims all employee retention tax credits available under the law. Whether you need help with ERC 2020, or ERC 2021 our specialists are here as a resource.

Why Choose Sunrise Business Solutions?

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Speak to an ERC Specialist Today

At Sunrise Business Solutions, we are standing by, ready to help you maximize your credit. Our team specializes in just one thing—the employee retention credit (ERC). You do not have to navigate the process alone. If you have any specific questions or concerns about the ERC, we are here to help. Call us at 888-210-8870 or connect with us online at SUNRISE@SunriseBusinessSolutions.com to find out more about how we can help.