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Who Is Eligible For The ERC?

Whether or not you qualify for the ERC depends on the time period you’re applying for. To be eligible for 2020, you need to have run a business or tax-exempt organization that was partially or fully shut down because of Covid-19. You also need to show that you experienced a significant decline in sales—less than 50% of comparable gross receipts compared to 2019

What Is The ERC?

Originally available from March 13, 2020, through December 31, 2020, the ERC is a refundable payroll tax credit created as part of the CARAR -7.4%ES Act. The purpose of the ERC was to encourage employers to keep their employees on payroll during the pandemic.

Qualifying employers and borrowers that took out a Paycheck Protection Program loan could claim up to 50% of qualified wages, including eligible health insurance expenses. The Consolidated Appropriations Act (CAA) expanded the ERC. Employers that qualified in 2021 can claim a credit of 70% in qualified wages.

Why choose CTS to file your claim?

CTS can guarantee release of funds in no more than thirty to forty days, appose to the standard six to eight months. CTS will guarantee and increase up to 15% over the industry standard.