ERC Tax Credit Eligibility Webinar
ERC Tax Credit Eligibility Webinar
On February 9, Maxim Consulting Group, LLC, hosted a webinar on the Employee Retention Credit (ERC), part of the COVID stimulus provided by the federal government. The ERC is a refundable tax credit for businesses that continued to pay employees while shut down, or experienced significant declines in gross receipts from March 2020 through December 2021.
Many contractors have passed on the ERC because they believe they do not qualify. Most came to this conclusion because the company revenue did not decline according to the regulations. However, there is a second qualification criteria based on what is known as a “partial suspension.” If your business was impacted by 10% or more based on government mandated requirements, you may still qualify for substantial credits.
Learn how your company might benefit from this overlooked opportunity! Contact Michael McLin, Managing Director at Maxim Consulting Group, LLC, at 303-688-0503 or michael.mclin@maximconsulting.com.