Services

Federal COVID Employee Retention Credit

A refundable payroll tax credit based on qualification wages paid to an eligible employee. The credit was created to assist companies that continued to pay employees during the COVID-19 pandemic. The credit is currently available for wages paid in 2020 and 2021.

  • Eligible Employers
    • Full or partial business disruption and/or closure due to the COVID-19 pandemic
    • Quarterly decline in gross receipts as compared to 2019
    • 100 or fewer full-time equivalent employees during 2020 to qualify for 2020 benefits
    • 500 or fewer full-time equivalent employees during 2021 to qualify for 2021 benefits
  • Maximum Amount of ERTC Available for Each Employee
    • $5,000 per employee for 2020
    • $7,000 per employee per quarter for the first three quarters of 2021
  • PPP Loan Coordination
    • PPP Loan recipients can qualify for the CV-ERC. A review of the PPP loan proceeds and qualified wages must be performed in order to calculate the CV-ERC correctly
  • NHospitality
  • NManufacturing
  • NLaw Firms
  • NArchitectural Firms
  • NMarketing Firms
  • NAuto Dealerships
  • NDental
  • NSpa/Massage
  • NVeterinarian/Animal Hospitals
  • NPhysical Rehab Groups
  • NResorts/Ranches
  • NLandscape
  • NDistilleries/Breweries
  • NCampgrounds
  • NFamily Practice
  • NConstruction
  • NChildren Daycare
  • NEye Care
  • NReal Estate Firms

Contact Us

(843) 471-1221

(843) 350-4838

225 Seven Farms Dr. #207, Daniel Island, SC 29492

M-F: 8am-5pm, S-S: Closed