The Employee Retention Credit
Trusaic in collaboration with Adequate Funding specializes in maximizing the Employee Retention Credit for small businesses, enabling you to receive up to $26,000 per employee.
Fast qualifying process
Trusaic's proprietary software and tax professionals will guide you through a simple, quick, and comprehensive qualifying process and begin onboarding procedures once eligibility is determined.
Our team of specialists will import your data and calculate a real-time refund for your business.
Submit refund to IRS
We handle the entire process of documenting, and preparing for submission of your Employee Retention Credit refund to the IRS.
Receive your refund
Collect your IRS refund. We only request payment after you've received your refund.
In the unlikely event of an IRS inquiry, you can be sure your refund claim and records are in good hands.
ERC program overview
What is the Employee Retention Credit (ERC)?
The ERC is a refundable tax credit established by the CARES Act to help businesses that were able to retain their employees during the Covid-19 pandemic. Here are some key points:
- Available for both small and mid-sized businesses
- Based on qualified wages and healthcare paid to employees
- Provides up to $26,000 per employee
- No limit on funding
- Available for 2020 and the first 3 quarters of 2021
How much money can you get back?
You can claim up to:
- $5,000 per employee for 2020
- $7,000 per employee per quarter for 2021
How do you know if your business is eligible?
To qualify, your business must have been negatively impacted in either of the following ways:
- A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel, or restrictions of group meetings
- Gross receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts
Other important points to note:
- A business can be eligible for one quarter and not another
- With new legislation in 2021, employers are now eligible for both the ERC and the Paycheck Protection Program (PPP)
- The ERC cannot apply to the same wages as the ones for PPP
Our unique value proposition
The ERC program can be overwhelming, with technical details and complex requirements that vary based on your business's unique circumstances. Navigating the process on your own can leave you with unanswered questions and potential missed opportunities for maximizing your claim.
But you don't have to go it alone. Our team of experts specializes in ERC and can help you make sense of it all. We'll guide you every step of the way and ensure that you're taking full advantage of the program's benefits.
Our services offer:
Dedicated experts to navigate the complex ERC program rules and answer your questions such as:
How the PPP loan affects your ERC claim
What are the differences between the 2020 and 2021 programs and how they apply to your business
Aggregation rules for larger, multi-state employers, and how to interpret multiple states' executive orders
The impact of part-time, Union, and tipped employees on your refunds
Ready to get Started? It's easy.
- Qualification determination for your business
- Thorough analysis to compute the maximum amount you can receive
- Claiming process guidance with end-to-end support and documentation assistance
Estimated number of W2 employees in 2021
Sorry, based on your response, you do not meet our minimum requirements
You should schedule a meeting
with an ERC Advisor
Frequently asked questions
Hear from our customers
Trusaic's Employee Retention Credit (ERC) services helped us recover financially from COVID-19. The process was simple, fast, and efficient - everything you want in a business solution. We received the full refund amount of $90,000 we submitted for and enjoyed the professionalism and timeliness of our dedicated ERC specialist. In fact, to accommodate our needs, our specialist was able to file our tax credits quicker than their normal process typically takes. "Overall, Trusaic's ERC services were excellent. I would highly recommend them to any organization looking to capitalize on this limited-time opportunity."
Executive Director - Caring House
Dublin Creek Enterprises experienced significant savings with Trusaic's Employee Retention Credit Program. "They handled the filing process for us and ensured our company received the maximum allowable IRS refund we were entitled to. All in all they were able to secure us over $300,000 in tax credits!"
Dublin Creek Enterprises, DBA Lafayette Car Wash
"Trusaic made obtaining monetary relief through the Employee Retention Credit (ERC) quick and easy. They handled all the necessary documentation, reporting, and filing with the IRS and ensured that I received the maximum amount of tax credits my company was eligible for. Trusaic's process was simple and detail oriented. In the event of an IRS audit or inquiry, I know that Trusaic's methodology will be able to justify every dollar my company received. I highly recommend their services."
President - Zein Insurance Services
Apple Gilroy is franchise owner of Applebee's Neighborhood Grill & Bar with approximately 912 employees and 12 restaurant locations. The restaurant group turned to Trusaic to get assistance with determining which of its employees might be eligible to receive tax credits under the Work Opportunity Tax Credit and Enterprise Zone tax credit. Trusaic assisted in an audit of the three years of company records to help Apple Gilroy and shareholders receive significant tax refunds.
Apple Gilroy, Inc.
Bald Eagle Security Services in San Diego, California was aware it might be eligible for federal employment tax credits and incentives, but the process appeared to be complex and time-consuming. The security firm contacted Trusaic. Trusaic showed how federal tax credits could eliminate all the firm's state income tax liability and lower its federal income tax liability. In a matter of weeks, Trusaic had amended prior tax year returns to obtain a full refund of the state income taxes Bald Eagle had previously paid, and produced the current tax year State Income Tax Credit Schedule to apply credits to eliminate the current year's state income taxes. Bald Eagle continues to work with Trusaic to take advantage of the federal Work Opportunity Tax Credit (WOTC) to lower its federal income taxes. "These programs have helped me grow my company to be the number one security choice in downtown San Diego and surrounding areas."
President and owner - Bald Eagle Security
To Job1USA Staffing, administering a Work Opportunity Tax Credit program seemed nearly impossible. With a number of new hires, and operating 50 locations across the Midwest and East Coast, there was a lot to account for. Luckily, Trusaic's TaxAdvantage® solution was ready to help. Trusaic was able to successfully implement a system that maximized the staffing agency's tax credit earnings. As a result, Job1USA Staffing has obtained more than $500,000 in tax credits. Part of that success was the result of having a designated Tax Credit Specialist to communicate critical information to the staffing agency on a weekly basis. This provided visibility into the status of tax credit certifications, outstanding documentation, and many other items to improve tax credit results. Another key distinction in Trusaic's TaxAdvantage solution was the incorporation of screening compliance. On a quarterly basis, Job1 staffing transmitted payroll data to Trusaic. Trusaic cross-referenced the list of new hires with individuals who had been screened, identifying any missed opportunities, and improved the screening process. "I am confident that our earnings will continue to increase. Constant communication with our point of contact has made the difference for us."
About Trusaic and Adequate Funding
With Trusaic's expertise in regulatory compliance and data analysis, we help businesses navigate the complexities of the ERC and other tax credit programs. Our team provides comprehensive support, from determining eligibility to preparing documentation and filing claims.
Meanwhile, Adequate Funding helps organizations access funding and capital to support their growth and innovation. Through partnerships with lenders and financial institutions, we help businesses take advantage of tax credit programs.
Our mission is to empower businesses with the financial tools they need to succeed. Contact us today to learn more about how we can help your business thrive.
More about ERC
Schedule a consultation call to learn more about the Employee Retention Credit (ERC) and how it can benefit your business.
Please note that if you only have 1099 employees, you do not qualify for the ERC.
The ERC is a stimulus program that rewards businesses for retaining their employees during the Covid-19 pandemic. You could be eligible to receive up to $26,000 per employee, with the program available for 2020 and the first 3 quarters of 2021. To qualify, your business must have experienced a decrease in revenue or a Covid-related event. Contact us to schedule your ERC introduction call and get started on maximizing your claim.
© 2023 Trusaic. All Rights reserved.
© 2023 Trusaic. All Rights reserved.