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!
Even if YOU received a PPP loan,
Uncle Sam wants to send you ANOTHER stimulus check if you kept employees on your payroll during the COVID pandemic – AND– meet at least one of the following criteria:
Supply Chain Disturbances
Group Gathering Limitiations
Full or Partial Shutdown
Customer or Jobsite Shutdowns
Remote Work Orders
Customer or Vendor Restrictions
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?
We’ve simplified the entire process:
- Click the button below and complete our initial Questionnaire which will help us to analyze your business and determine your eligibility.
- Securely upload your Form 940, Forms 941, and a complete paycheck register (showing compensation by employee by date and type).
- Within 5 to 7 business days, we’ll determine the ERTC refund you’re entitled to receive from the IRS.
- 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.
ERTC Rapid Refund
Get your ERTC refund in as
little as 3 weeks vs. the 10
months (or more) IRS backlog.
We are committed to providing the highest quality results to our clients.
We Get You More
Let us secure the maximum 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.
Real Businesses We’ve Successfully Helped
Get the process started before these stimulus funds run out!
Please fill out the short form below:
Click any image below to read the article
(… a new window will open, when done click your browser Back button to return to this page)
Who Are We ?
Apply4ERTC is a subsidiary of Purple Cow Capital, a leader in the “alternative lending” industry since 2019. When the banks say NO, Purple Cow Capital says YES.
Purple Cow Capital is always looking for new ways to help our small to mid-sized business clients. But, when we were first introduced to Employee Retention Tax Credits, they sounded too good to be true and unfortunately we initially ignored the program because it just didn’t seem real.
However, after multiple inquiries from our loyal client base, we needed to take a second look. What we discovered is that Congress actually did something very intelligent (imagine that!) and passed legislation to encourage and reward businesses to keep their employees on the payroll during the pandemic. (To clarify, the ERTC bill is actually part of the original CARES Act.)
So in early 2021, Purple Cow Capital partnered with an experienced team of tax professionals that does nothing but handle the complexities of preparing the IRS tax forms required for businesses to apply for their ERTC refund checks. We named this new entity Apply4ERTC.
It’s been rewarding to enlighten and help business owners that suffered financially because of COVID, claim the additional stimulus money they’re entitled to receive.