Table of Contents
1. Defining the Employee Retention Credit
2. How do you know if a business is eligible?
3. How does the ERC process work?
4. Why Funding Resources?
5. Most Relevant Industries for ERC
Defining the Employee Retention Credit (ERC)
So, what is ERC?
ERC is a stimulus program designed to help businesses that were able to retain their employees during
the Covid-19 pandemic. Established by the CARES Act, it is a refundable tax credit – a grant, not a loan –
that your business can claim. ERC is based on qualified wages and healthcare paid to employees.
x
Significant Returns
Up to $26,000 per employee
$6-10K per W2 if PPP 1&2
$10--15K per W2 if PPP1
$15-26K+ per W2 if NO PPP
Multiple Years Available
Available for 2020 & 2021
Gov Funds Available
No limit on funding
Many Ways to Qualify
Qualify with decreased revenue OR
partial/full shutdown of business
operations
How do you know if a business is eligible?
Even if your business did not have a revenue reduction or was deemed essential….
You can still qualify for ERC!
Change in business hours
Partial or full suspension of operations
Shutdowns of supply chain vendors
Reduction in services offered
Reduction of operations
A disruption in your business (division or
department closures)
Suppliers were unable to make deliveries
of critical goods
*There are many qualifiers that are not defined herein. The above are a few examples for illustration purposes.
Spacing restrictions due to social distancing
Reduction in workforce
Inability to visit jobsite
Change in job roles/functions
Limitation of travel and/or group meetings
More than nominal impact to any significant
category of your business
Inability to visit client’s job site
How does the ERC process work?
LEAD
Identify Prospective
Clients, Share ERC
Opportunity and Contract
ONBOARD
Start client their ERC
journey
CALCULATE
Preparation of the Client
Data Package
SIGNOFF
Client Attestation & 941x Signoff
SUBMIT
941x Filed with IRS
and Refund Tracking
REFUND
Claim processed and
Refund Check
Received
Why work with Funding Resources?
All of our Claims Specialists
are Certified Public Accountants
CPAs
Ave refund amount is
larger than most in Industry
$300K ERC
Our focus area is
Exclusively Employee Retention
Credits
“I didn’t even know ERC existed until
Funding Resources reached out. And I’m
grateful they did. Our ability to keep our
doors open and feed our community has
been challenging. Having this ERC
refund was truly a lifesaver!!”
$760,000 Refund
“I had heard of ERC for several months and was
adamant that we did not qualify. Nor did I even
have the time to inquire. The team at Fundng
Resources took care of everything. They were
professional, explained all my options and helped
me from start to finish. We are no
longer worried about missing out on this very
helpful credit.”
CEO of publicly traded company
$1.3M Refund
Restaurant Owner
$12.5M Refund
Plumbing Contractor
“I thought I didn’t qualify since I had
Well over 500 employees until the
guys at Funding Resources showed
us that we did qualify due to having
many part-timers on payroll. Thankfully
they were persistent or it would have
been a costly mistake.”
Most Relevant Industries for ERC
Bars
Car Washes
Contractors and Construction Companies
Dry Cleaners
Food and Beverage Wholesalers
Electricians
Franchisees
Cannabis
Gyms
Healthcare Providers
Hotels
Moving Companies
Restaurants
Retailers
Senior Living and Retirement Communities
Sports Facilities
Nursing Homes
*Most businesses qualify. The above are for example purposes.
Let’s See if Your Business Qualifies?
Begin Qualifying