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What is the ERC?

The Employee Retention Credit (ERC) is a program under the Coronavirus Aid Relief and Economic Security Act (CARES) to provide businesses with a refundable tax credit on wages paid to employees as an incentive for an employer to retain employees on their payroll during the COVID-19 pandemic. Negatively affected businesses can apply for the program and can receive up to $26,000 per employee in tax credit that does not need to be paid back.

Schedule a Free Eligibility Analysis

Like many government programs, the ERC can be complex. We would like to extend a free, no-obligation preliminary eligibility analysis with one of our attorneys to answer any general questions you may have about the ERC and to determine whether you might qualify. To schedule an appointment, simply use the link to our calendar below.

“Every business owner should be consulting a professional to see if their business qualifies for the Employee Retention Tax Credit. If you’re not, you are leaving dollars on the table”

Steve Rosansky - President & CEO, Newport Beach Chamber of Commerce

Frequently Asked Questions

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No, the ERC is NOT a loan – it is a tax credit. It does not need to be paid back and can be credited retroactively.

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To qualify, private companies (including nonprofits) must meet one of the following criteria: 1. Your business was ordered by a local government to fully or partially shut down in 2020 or 2021. 2. Your gross receipts for a single quarter of 2020 fell by 50% versus the same quarter of 2019 (for the 2020 tax credit). 3. Your gross receipts for a single quarter of 2021 decreased by 20% versus the same quarter of 2019 (for the 2021 tax credit).

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Revisions to the CARES Act on December 27, 2020, under the Consolidated Appropriations Act, 2021, (CAA) permits qualifying parties to receive relief from both PPP loans and ERTC. Those who received PPP loans may qualify for ERC retroactively to March 12, 2020.

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There are several factors that determine the amount of credit you will receive, however, the maximum is $26,000 per employee. Schedule a free preliminary eligibility analysis with us today and we can start the process of analyzing the exact amount you qualify for.

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No, all businesses are eligible unless you are self-employed or a state or local government employer.

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There is no set date for the program to end, however, there is a fixed amount of dollars allocated. In order to ensure you can take advantage of the program, you should act quickly.

Let Our Attorneys Do the Heavy Lifting for You

LS Carlson Law has been assisting businesses for over 15 years. Unlike many third party ERC “consultants,” we are an established law firm operating in multiple states. We have an exceptional command of the application process and the legal requirements necessary to maximize your potential credit. And, we make the process extremely quick and easy, so you can get your credit as soon as possible.

  • Icon Step 1: Call Call to determine your eligibility by answering a few simple questions.
  • Icon Step 2: Run the Calculations We’ll run the calculations to provide you with a risk-free, cost-free tax credit refund estimate.
  • Icon Step 3: File the Forms We file all the necessary forms along with our supporting legal analysis to the IRS.
  • Icon Step 4: Receive Your Funds! Get the funds you need to keep your operations running smoothly.

LS Carlson Law vs. Other Options

You have several options to assist with your ERC filing but, there are a few points you should be aware of before you choose a resource.

3rd Party Consultant

Many third party consultant companies operate as “burn and turn” organizations that are only in existence to churn as many applications as quickly as possible without taking the care and consideration needed to file applications appropriately. And, even more alarming, in failing to take the proper time and consideration in preparing these applications, they are often exposing their clients to a significant chance of audit which could potentially result in a claw back of the credits, an assessment of penalties, etc

DIY

You could file on your own behalf, however, that would be similar to taking on the task of filing your own corporate taxes or defending yourself in court. Making a small mistake can ultimately cost you tens of thousands if not hundreds of thousands of dollars. With the stakes this high, it’s often best to let the experts take care of it on your behalf.

LS Carlson Law

As a law firm, we have a fiduciary duty to complete your filing correctly and within the guidelines of the frequently changing laws regarding this program. Our firm has been practicing business law for over 15 years, has 20 attorneys, and offices in both CA and FL. We understand the nuances of the program and will ensure it is done correctly by one of our experienced tax attorneys.

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LS Carlson Law has been assisting businesses for over 15 years. Unlike many third-party ERC “consultants,” we are an established law firm operating in multiple states. We have an exceptional command of the application process and the legal requirements necessary to maximize your potential credit. And, we make the process extremely quick and easy, so you can get your credit as soon as possible.