The Employee Retention Credit
Discover more about the payroll tax refund program which provides eligible businesses the opportunity to receive up to $26,000 per employee kept on payroll during the pandemic. This refund can help you maximize your benefits with ease.
As a small to medium-sized business owner, you've faced many challenges in the wake of the COVID-19 pandemic, but you've come out on top. The good news is that you don't have to do it alone.
The CARES Act, passed by Congress to provide economic relief, includes the Employee Retention Credit (ERC) - a special section designed to help businesses like yours not just recover, but thrive in the future.
The ERC Explained
The Employee Retention Credit (ERC) offers a payroll tax refund through the IRS as a reward for employers who supported their existing employees throughout 2020 and the first three quarters of 2021. It's an incredible opportunity for you to receive the financial boost you deserve for your hard work and commitment to your team.
Eligible businesses can receive a refund of up to $5,000 per employee for all of 2020 and up to $7,000 per employee kept on the payroll for each quarter for Q1 through Q3 of 2021.
That’s a total refund of up to $26,000 per employee kept on your payroll.
Designed to reward businesses
The program rewards those who kept employees on payroll in 2020 and 2021.
The ERC wasn’t widely used until recently
The ERC has since undergone expansions and multiple amendments by Congress.
Capital for any business need
The ERC refunds are most often received as a check from the US Treasury.
Established by the CARES Act
The same relief bill that created PPP loans also created the ERC.
Is my business eligible for the ERC?
Arti offers a streamlined solution to file for the Employee Retention Credit (ERC) through our taxAI. Our technology makes it simple for businesses to qualify, calculate, and file their ERC claim in under 30 minutes, saving you time and money.
Compared to our competitors, we save our clients an average of $50,000. Our advanced technology allows us to provide the same level of compliance and tax support as larger accounting firms while keeping costs low.
We're committed to making the ERC filing process accessible to all businesses, regardless of size or industry. Our technology allows us to operate efficiently and pass on the savings to our customers.
When you work with Arti, you can expect exceptional service at a competitive price. Contact us today to learn more about how our taxAI can benefit your business and help you receive the financial support you need.
How do I file?
Filing your ERC is easy with our taxAI. Once you complete our 3 minute qualification process, you can calculate and file your refund in less than 25 minutes.
Have your 941 documents ready from your payroll provider to make the process even faster.
Starting in 2024, the maximum amount that a business can claim for the ERC will gradually decrease each quarter. It's important not to miss the opportunity to make a claim as the qualifications and limitations for the program have been revised multiple times. With more small businesses discovering the benefits of ERC, processing times may increase, making it even more critical to take action now. Don't wait any longer, get started today and ensure your business receives the maximum benefit available.
It's essential to work with professionals who specialize in ERC to ensure that your amended payroll tax returns are prepared and filed correctly. Choosing inexperienced providers could lead to reduced tax refunds, rejected amended payroll tax returns, or the need to revise and refile, which can prolong the process. With TaxAI businesses can file the ERC quickly and compliantly and avoid complications or delays.
Our platform keeps up-to-date with all ERC-related legislation, allowing you to maximize your available ERC and avoid costly mistakes. Don't risk losing part (or even all) of your ERC tax refund, trust TaxAI for accurate and efficient filing.
How can we help?
We've carefully curated partnerships to help drive value for each of our customers. As a result we've partnered with 50+ tax experts and specialty lenders in order to develop technology that not only gets the job done but saves you money.
File with confidence
Unlock every credit
The program rewards those who kept employees on payroll in 2020 and 2021.
Professionals at your fingertips
The ERC has since undergone expansions and multiple amendments by Congress.
Filing made easy
The ERC refunds are most often received as a check from the US Treasury.
No hidden fees
The same relief bill that created PPP loans also created the ERC.