Difference between PPP and ERC
ERC is Not a loan
ERC does NOT have to be paid back
ERC is NOT taxed
ERC does not have to be used for business expenses, owner can use it for whatever they want
ERC Can be used to pay off any amount of PPP Loan if still outstanding
PPP was originally a loan
PPP was to be paid back but many loans were forgiven
PPP was earmarked for business expenses only
Did your business take advantage of the ERC Tax Credit Program! DON’T MISS OUT
ERC: Employee Retention Tax Credit
Who Qualifies:
– Most Small Businesses w/ FT-W2 Employees (30 hr/wk or 130hr/mn)
– Businesses that show a significant decrease in revenue during the pandemic OR
– Businesses with parital or complete shut downs OR
– Businesses who’s practices were affected by the pandemic (supply chain, processes, etc)
The only way to know if your business qualifies & for how much, is to follow this simple process (takes 10 mins with NO upfront fee)
- Go to your ERC Consultants website together
- Fill out the questionnaire and get an estimate amount
- Upload Docs to a secure Portal
- 5-10 days later, final approval w exact amount is generated
- File amended taxes, 4-6 months funds received
Call today to see if your business qualifies and for how much!
Nancy Krampetz * ERC Certified Specialist * 925-383-8018