Employee Retention Tax

Credits

Life as we know it has change significantly since COVID-19 shut-downs first started in March 2020.


The Federal Government recognized this and introduced relief funding for small to medium businesses initially in the CARES Act of 2020, then expanded further in 2021.


This program is called the Employee Retention Credit (ERC) and it paid to businesses who continued to pay W-2 employees during qualifying periods as a Tax Refund.


Check If Your Business Qualifies?
Employee Retention Credits - tax credit refunds for businesses impacted by Covid-19

Who Qualifies For The Employee Retention Credit?


To qualify businesses must have between 1 and 500 W-2 employees (who are not direct family members) and have been impacted by COVID-19.


The credit refund amounts available are:

  • 2020 up to $5,000 per W-2 employee.
  • 2021 up to $21,000 per W-2 employee.


The funding is issued as a tax refund check from the IRS directly to the business. It is not required to be repaid.


Eligibility Criteria

For Existing Businesses (started prior to covid):

  • You have between 1 and 500 W-2 employees who are not direct family members of the business owner; AND
  • You were required to shut down or modify your operations for any period; OR
  • You lost at least 50% revenue in any quarter in 2020 (10% while subject to Govt. order); OR
  • You lost at least 20% revenue in any quarter in 2021 (10% while subject to Govt. order).

For Start-up Businesses:

  • The business started operations on or after February 15th 2020; AND
  • You have between 1 and 500 W-2 employees who are not direct family members of the business owner; AND
  • Average annual revenue is no more than $1,000,000 per year.



business employee retention credit - ERC

The Application Process

The Lipnicki Agency in partnership with Emily Sang CPA are here to ensure your eligible business receives the largest amount of funding for the lowest total cost in fees.

  • Eligibility Review - step 1 is to confirm that your business is eligible for the credit. Start by scheduling a 15-minute phone call.

  • Application Form - step 2 is to complete our application form and upload the documents needed for us to calculate the funding amount your business is eligible for. We'll help you through this step if needed.

  • Funding Calculation - our expert accounting team will process your claim and advise the amounts your business is eligible to receive. We will complete all the paperwork needed for your claim.

  • Payment Check - Your business will receive the funding check directly from the IRS in the mail. This money does not have to be repaid.


Our Fees

Unlike many agencies who are taking the opportunity to charge 25-30% of your claim based on illegal contingent fee structures, our fees are based on the time and effort to complete the following:

  • Qualification Review & Estimate - we will request and review the required documentation in support of your claim and provide an initial base estimate of what you will expect to receive as well as an estimate of our total fees.

  • Processing Fee - $199 payable when we start the work to calculate and complete your claim.

  • Claim Calculation & Completion - in line with accounting regulations, our fees are based on time and effort required to complete your claim.  On average our fees have worked out at around 10% or much less for larger businesses. Our goal is to provide as much of this money as possible to your business. In accordance with legal requirements for fees/compensation to CPAs, this is payable at the time our work is complete, when we send you your completed application form with submission instructions.

We do GUARANTEE the quality of our work. Your application form will be quality reviewed and signed personally by our senior CPA and we will represent you in any communications or questions from the IRS.


The Lipnicki Agency - Business employee retention tax credit experts

Meet Your Employee Retention Credit Expert

Tracey Lipnicki has more than 20 years experience in corporate finance, in wealth and money education, and as an insurance consultant and advisor to business owners, individuals and families.


She is owner of The Lipnicki Agency, a national agency within the Quility & Symmetry Financial Group of companies specializing in solutions for tax free income, building generational wealth, mortgage protection, life insurance, mortgage acceleration, debt reduction, tax minimization, retirement and income planning.


If you become my client, I will treat you like you are family, and I would do anything for my family. 

My goal is to always ensure you are better off financially that before you met me.


Book time to review your needs TODAY.  Your consultation is free of charge.