THE CLOSEST THING TO FREE MONEY FOR YOUR BUSINESS

Take Advantage of the EMPLOYEE RETENTION TAX CREDITS that the IRS Owes You

If you paid employees in 2020 and/or 2021, your business likely qualifies
for a refund check from the IRS … even non-profits & startups

And there is no need to pay back the tax credits you receive!

What are Employee Retention Tax Credits (ERTC) ?

The Employee Retention Tax Credit (ERTC) was approved under the CARES Act for all businesses for the purpose of keeping their employees working.

The  ERTC is basically a “refund check” issued by the IRS to partially reimburse eligible employers for their payroll costs.

Employers can receive up to $26,000 per employee.

Bottom line, there is a tremendous amount of money waiting to be claimed!

How the Employee Retention Tax Credit Program Works

The CARES Act includes two stimulus programs for employers: (1) the Employee Retention Tax Credit (ERTC), and (2) the Paycheck Protection Program (PPP).  In 2020 (and in early 2021) most employers ignored ERTCs, instead opting for the PPP. That’s because initially they could only participate in one of the programs, and at the time the PPP was the quickest way to receive financial help.

(And NO, the latest November 2021 legislation by Congress did NOT eliminate this program, it simply limited the eligible 2021 quarters for most businesses to just Q1, Q2 & Q3.)

HOWEVER, the IRS now allows recipients of Paycheck Protection Program (PPP) loans to retroactively participate in the Employee Retention Tax Credit (ERTC) as well.

This means that eligible employers can now receive:
• up to $5,000/ employee paid from 3/12/20-12/31/20  -PLUS-
• up to $7,000/ per qtr / per employee for qtrs 1, 2 & 3 in 2021.

Who is Eligible for 2020 & 2021?

Criteria #1: Must Issue a Formal Payroll
Employers must file Form 941s and W-2s.  Sole-proprietors are ineligible.

Criteria #2: Eligible Employee Headcount
Employers must have below a certain number of full-time (FT) employees in 2019.  NOTE: this is not the same as FT equivalents (FTEs).

  • 2020 program: fewer than 100 FT employees, unlimited PT
  • 2021 program: fewer than 500 FT employees, unlimited PT

Criteria #3: Must meet one (not necessarily both) of:
A: Reduced Business Receipts (Sales) for a Calendar Quarter
For example: A business with $100,000 in sales for Q2 2019,
Q2 2020: eligible with < $50,000 in sales (or 50% lower)
Q2 2021: eligible with < $80,000 in sales (or 20% lower)

B: Must have been fully/partially shut down by government order
For example: A “Stay at Home” order for non-essential businesses, or a capacity limit for a restaurant, would meet this test.  (The order is likely jurisdiction specific.)

You can also have the same, or even more sales, and still qualify to receive an ERTC refund check from the IRS!

How Does Your Business Get Paid?

Purple Cow Capital has hired a team of seasoned professional tax accountants to help businesses just like yours, navigate the complex requirements for receiving ERTC refund checks from the IRS.

We’ve simplified the entire process:

  1. Click the button below and complete our initial Questionnaire which will help us to analyze your business and determine your eligibility.
     
  2. Securely upload your Form 940, Forms 941, and a complete paycheck register (showing compensation by employee by date and type).
     
  3. Within 5 to 7 business days, we’ll determine the ERTC refund you’re entitled to receive from the IRS.
     
  4. Additionally, we will prepare the amended Forms 941-X required to request your refund.  The IRS will process your credit and mail you a check.

    Click the button below and get the process started before these stimulus funds run out.  It’s time to get your ERTC refund, today!

    Why Choose Us

    We offer fast turnaround time from submitting your application, to approval.

    We Work Fast

    Our close ties with the IRS commissioners allows us to streamline the application process for our clients.

    Quality Commitment

    We are committed to providing the highest quality results to our clients.

    We Get You More

    Let us secure the maimum funds you deserve for keeping your employees working through 2020 and 2021.

    Honest + Dependable

    We work closely with you to determine your eligibility for an ERTC refund.

    Industries We’ve Successfully Helped

     

     

     

     

     

     

     

     

    Restaurant

    $317,551.39 for 2020
    312 employees

     

     

     

     

     

     

     

     

    Distribution

    $1,152,330.98 for Q1 2021
    208 employees

     

     

     

     

     

     

     

     

    Service (HVAC)

    $39,262.33 for 2020
    23 employees

     

     

     

     

     

     

     

     

    Health

    $599,891.59 for 2020
    312 employees

     

     

     

     

     

     

     

     

    Manufacturing

    $252,104.88 for 2020
    312 employees

    Get the process started before these stimulus funds run out!

    Please fill out the short form below:

    (a division of Purple Cow Capital) - ERTC Application

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