Our Services
Employee Retention Credit
The Employee Retention Credit (ERC) is a complex federal tax credit with specific eligibility requirements. WeAccountant helps businesses review their circumstances, assess potential eligibility, organize supporting information, and understand the requirements before moving forward.
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What Is the Employee Retention Credit?
The Employee Retention Credit is a refundable federal employment tax credit that was created to help eligible employers that retained employees during certain periods of the COVID-19 pandemic.Eligibility depends on factors such as the applicable calendar quarter, business circumstances, qualified wages, and other requirements. The rules have changed over time, so an eligibility assessment is important before pursuing a claim.
Understanding ERC Eligibility
Government Orders
Certain businesses may have been affected by a full or partial suspension of operations because of applicable government orders.
Gross Receipts
Some employers may have qualified based on a decline in gross receipts during an applicable period.
Qualified Wages
The calculation can depend on wages and health-plan expenses that meet the applicable requirements.
Employer Requirements
Eligibility and credit calculations depend on the employer's specific circumstances and the relevant tax period.
Why Work With WeAccountant?
Eligibility Review
We assess the relevant requirements before proceeding.
Detailed Calculations
Potential credits should be supported by appropriate payroll and financial information.
Clear Documentation
Maintain records supporting the basis for the claim.
Professional Guidance
Get help understanding the process rather than relying on generic refund estimates.
Works with the platform you already use
Setup, migration, and ongoing support across the following platforms.
Frequently Asked Questions
The ERC generally relates to wages paid during specific periods in 2020 and 2021. The rules around claiming the credit have changed, including IRS processing and filing deadlines, so businesses should have their specific situation reviewed.
Potentially, depending on the applicable rules and circumstances. The same wages generally cannot be used for both PPP forgiveness and the ERC.
No. Experiencing the pandemic alone does not establish ERC eligibility. Specific eligibility requirements must be met.
No. Eligibility and credit amounts depend on the facts of each business. A responsible ERC review should not guarantee a refund before eligibility is established.
Depending on the circumstances, relevant records can include payroll information, financial records, government orders, employee information, PPP documentation, and applicable tax filings.
If this is a service you provide, you can review previously filed claims and supporting documentation to assess whether the claim appears properly supported.
Why choose us
Not Sure If Your Business Qualifies?
Don't rely on a generic ERC calculator or a guaranteed-refund promise. Let our team review your circumstances and explain what options may apply.