Simplify Your Employee Retention Tax Credit
Professional Payroll and Accounting Services
We make the process of applying for your Employee Retention Tax Credit a breeze and do all the heavy lifting. Focus on growing your business while we take care of your payroll and accounting needs.
The Employee Retention Credit
What is the ERTC?
The Employee Retention Tax Credit (ERTC), also known as the Employee Retention Tax Credit (ERTC), is a federal program created to help small and medium sized businesses recover from the financial impact of COVID-19.
Many businesses lost revenue and were affected by government shutdowns and other mandates. The ERTC is designed to support those businesses that retained employees, and lost revenue, were impacted by the mandates, or began operations in 2020 or 2021. The ERTC tax code is complex, and most qualified businesses have not claimed the ERC refunds they are owed.
The ERC is separate from the Paycheck Protection Program (PPP) and is a refundable tax credit paid by the IRS. It is not a loan and does not need to be paid back.
Who can qualify?
Your business may qualify for the ERTC if you meet at least one of these criteria.
L
Full or Partial Suspension of Operations
A Federal, State, or Local government shutdown order affected your business’ ability to operate in 2020 or 2021.
Gross Revenue Reduction
Receipts during 2020 and 2021 declined on a quarterly basis versus 2019.
Recovery Startup Business
Business was started after Feb 15,
2020 and annual gross revenue was less than $1,000,000.
An Outline of Basic details about the program
- Up to $26,000 per employee
- Qualify even if you received PPP
- The window for filing is closing
- Businesses qualify if their revenue declined OR if they were affected by government mandates and shutdowns
- No size limit on refund amount
- Size of credit could exceed your tax bill
About Us
Delivering Excellence in Financial Services
At Kingman Partners LLC, we are dedicated to providing exceptional payroll and accounting services for businesses of all sizes. With years of experience in the industry, our team of experts ensures accuracy, compliance, and efficiency in all our services.
Get in touch
©Copyright. All rights reserved.
We need your consent to load the translations
We use a third-party service to translate the website content that may collect data about your activity. Please review the details and accept the service to view the translations.