Need a Funder or Vendor? START HERE

Results 1 to 2 of 2
  1. #1
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Lightbulb Employee Retention Tax Credit

    RE: Employee Retention Tax Credit

    What is it?
    The Employee Retention Tax Credit (ERTC) is a tax credit authorized first by the CARES ACT to get funds to businesses to cover the cost of their payroll. Employees must be on payroll, not 1099 contractors.

    Who Qualifies?
    Employers with 500 or fewer employees on payroll can get the most credit. Employers with over 500 employees may be eligible for some limited credits. If you were in business as of 2/15/20, your credit amounts are limitless, but if you weren’t in business by then you can still get up to $50,000 in some circumstances.

    How much Can I Receive?
    For 2020, you can receive up to $5,000 per employee for the year (50% of the first $10,000 in wages for each employee).
    For 2021, the credit increased to up to $7,000 per employee per quarter (70% of the first $10,000 in wages for each employee).

    If you are interested I will make the introduction to the Tax Accountant-Attorney that will provide you a Free Consultation.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  2. #2
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Helpful Dave thanks-

    For any of the Brokers/Consultants out there assisting client's with EIDL applications- this is a value add

Similar Threads

  1. Retention through Uncertainty
    By FundingStrategist in forum Merchant Cash Advance
    Replies: 2
    Last Post: 08-26-2020, 10:44 AM
  2. Ex-employee wants to be paid
    By abfunders in forum Everything else
    Replies: 26
    Last Post: 08-03-2020, 01:19 PM
  3. Crm with good security, employee backdooring
    By Zonefund in forum Merchant Cash Advance
    Replies: 4
    Last Post: 07-01-2020, 09:29 AM
  4. Yellowstone Employee Stealing Deals
    By ryan $ in forum Merchant Cash Advance
    Replies: 45
    Last Post: 01-09-2019, 11:18 PM
  5. Training / Employee Retention
    By channin19 in forum Merchant Cash Advance
    Replies: 6
    Last Post: 08-06-2014, 11:30 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY