👋 2022 UPDATE: You can now access your refund in 2-4 weeks rather than 6-9+ months
Most US businesses & nonprofits are qualifying for federal refund checks of up to $26,000 (per W2 employee)
Forbes:The IRS anticipated that approximately 70-80% of small and medium businesses (as well as charities) were good candidates for this program. But the actual numbers of those applying is far below that and they are leaving billions of dollars on the table...
Allies International creates free educational content and communities for business owners and nonprofit directors. The mission of our organization is to empower entrepreneurs by sharing timely information and curating hundreds of third-party resources to help them create more impact within their local communities.
Why is this critically important right now?
These refunds never have to be forgiven or paid back. Likewise, almost all of the people we've talked with who were told they wouldn't qualify for this in the past, actually ARE eligible for this program now (under the most recent legislation). That said, there has been A LOT of confusion about how the program actually works since the law changed 5 times in the past two years alone (details below).
Refunds are only available for a limited time, and the IRS backlog is getting worse. Feel free to call our team if you have any questions about how this refund program works.
Free 30 Second Refund Eligibility Quiz
WHAT'S THIS NEW TAX CREDIT FOR?
The Employee Retention Credit (ERC/ERTC) was authorized under the CARES Act and encouraged organizations to keep employees on their payroll during the C19 pandemic (both for-profit companies & non-profit organizations are eligible).
See the full breakdown of the program on IRS.gov below:
- The 2020 ERC Program is a tax credit for 50% of up to $10,000 in wages paid per employee from 3/12/20-12/31/20 by an eligible employer.
- THAT’S UP TO $5,000 PER EMPLOYEE IN 2020!
- The 2021 ERC Program increased to 70% of up to $10,000 in wages paid per employee per quarter.
- THAT’S UP TO $21,000 PER EMPLOYEE IN 2021! (For a total of up to $26k/employee if you qualify in both years).
- **Startups established after 2/15/20 with <$1M in revenue can also qualify for up to $50k for each quarter Q3-Q4 2021
Need proof? Click the image below to learn more directly from the IRS.gov website:
Only 4 Simple Steps To Claim Your Refund
1. Data Gathering
First, compile all of your 941 returns, PPP loan documents, payroll data and P&Ls.
2. Credit Calculation
Calculate the exact value of the refund credit you should receive for all qualified wages.
3. Amend Returns
Prepare and file the 941-X amended payroll returns on behalf of your organization.
4. Get Paid
The IRS will process the credit and mail out your refund check once approved.
Recently Approved Refund Checks
(Many of these companies were previously told that they didn't qualify, but decided to get a risk-free 2nd opinion):
Bar & Nightlife Industry - $553,500+ in 2020 & 2021 - 41 employees
Healthcare Industry - $599,891.59 for 2020 – 195 employees
Contracting Industry - $364,283.71 for Q1 2021 - 59 employees
Nonprofit Industry - $111,150.41 for 2020 - 25 employees
Restaurant Industry - $213,029.88 for 2020 – 56 employees
Distribution Industry - $1,152,330.98 for Q1 2021 – 208 employees
Home Services Industry - $39,262.33 for 2020 – 23 employees
Manufacturing Industry - $252,104.88 for 2020 – 63 employees
Hospitality/Hotel Industry - $620,416.97 for 2020 - 383 employees
Marketing Industry - $50,954.46 for Q3 2021 - 11 employees
Food Prep Industry - $528,340.02 for Q1/Q2 2021 - 156 employees
School/Education Industry - $111,150.41 for 2020 - 25 employees
Gym & Exercise Industry - $51,455.01 for 2020 - 16 employees
Church/Religious Organization - $30,782.22 for 2020 - 12 employees
Franchise Industry - $371,551.39 for 2020 - 312 employees
Beaty/Hair Salon Industry - $107,793.22 for 2020 - 36 employees
Staffing/Recruiting Industry - $275,099.46 for 2020 - 326 employees
Field Exam Industry - $324,846.66 for Q1/Q2 2021 - 30 employees
Engineering Industry - $21,000+ for Q1-Q3 2021 - 2 employees
Restaurant Industry - $1,950,000+ for 2020 & 2021 - 150 employees
Franchise Industry - $5,250,000+ for 2020 & 2021 - 350 employees
Software Industry - $398,017.23 for 2020 - 19 employees
Insurance Industry - $127.932.01 for 2020 - 9 employees
Security Industry - $1,245,000+ for 2020 & 2021 - 389 employees
Nonprofit Industry - $245,000+ for 2020 - 49 employees
Campground/RV Industry - $260,973.10 for 2020 - 73 employees
Cleaning Industry - $170,865.03 for 2020 - 55 employees
Pizza & Sandwich Industry - $376,455.17 for 2021 - 91 employees
Multi Location Restaurant - $203,233.79 for 2020 - 53 employees
Free 30 Second Refund Eligibility Quiz 👇
⛔ Common Misconceptions ⛔
We didn't have a decline in revenue in 2020-21
Revenue is only one of many factors that will determine whether you qualify for ERTC. Many companies without a decline in revenue can still qualify for this refund.
We received a forgiven PPP loan in the past
Companies that have received one or both PPP loans are typically also eligible for additional ERTC funds (but the forgiven PPP loan must be factored into the calculations).
It’s too late to apply for the ERTC refund
Employers can technically amend their 941x forms for a period of up to 3 years after the original filing. (Based on the current legislation, but the backlog is also getting worse).
We didn't fully shut down our operations
The ERTC tax incentive has several provisions that make it possible for employers who were only partially shut down to still qualify. (Likewise, supply chain issues and delays can create eligibility as well).
Our business was (or was not) essential
Your business or nonprofit did not have to be deemed essential (or vice versa) to qualify for ERTC. The IRS anticipated that 70% - 80% of ALL US small businesses and nonprofits would be eligible.
Our revenue actually went up significantly
Government-mandated lockdowns impacted a lot more industries and states across the country, so even the organizations that did very well during the pandemic can be eligible for this refund.
Recently Approved Refund Checks
(Many of these companies were previously told that they didn't qualify, but decided to get a risk-free 2nd opinion):
Bar & Nightlife Industry - $553,500+ in 2020 & 2021 - 41 employees
Healthcare Industry - $599,891.59 for 2020 – 195 employees
Contracting Industry - $364,283.71 for Q1 2021 - 59 employees
Nonprofit Industry - $111,150.41 for 2020 - 25 employees
Restaurant Industry - $213,029.88 for 2020 – 56 employees
Distribution Industry - $1,152,330.98 for Q1 2021 – 208 employees
Home Services Industry - $39,262.33 for 2020 – 23 employees
Manufacturing Industry - $252,104.88 for 2020 – 63 employees
Hospitality/Hotel Industry - $620,416.97 for 2020 - 383 employees
Marketing Industry - $50,954.46 for Q3 2021 - 11 employees
Food Prep Industry - $528,340.02 for Q1/Q2 2021 - 156 employees
School/Education Industry - $111,150.41 for 2020 - 25 employees
Gym & Exercise Industry - $51,455.01 for 2020 - 16 employees
Church/Religious Organization - $30,782.22 for 2020 - 12 employees
Franchise Industry - $371,551.39 for 2020 - 312 employees
Beaty/Hair Salon Industry - $107,793.22 for 2020 - 36 employees
Staffing/Recruiting Industry - $275,099.46 for 2020 - 326 employees
Field Exam Industry - $324,846.66 for Q1/Q2 2021 - 30 employees
Engineering Industry - $21,000+ for Q1-Q3 2021 - 2 employees
Restaurant Industry - $1,950,000+ for 2020 & 2021 - 150 employees
Franchise Industry - $5,250,000+ for 2020 & 2021 - 350 employees
Software Industry - $398,017.23 for 2020 - 19 employees
Insurance Industry - $127.932.01 for 2020 - 9 employees
Security Industry - $1,245,000+ for 2020 & 2021 - 389 employees
Nonprofit Industry - $245,000+ for 2020 - 49 employees
Campground/RV Industry - $260,973.10 for 2020 - 73 employees
Cleaning Industry - $170,865.03 for 2020 - 55 employees
Pizza & Sandwich Industry - $376,455.17 for 2021 - 91 employees
Multi Location Restaurant - $203,233.79 for 2020 - 53 employees
Free 30 Second Refund Eligibility Quiz 👇
✅ Frequently Asked Questions ✅
How do I 'use' a tax credit? How will this benefit my company?
Although it is technically called a "tax credit" it is most frequently received as a cash payment from the IRS. There is also no dollar limit for how much a business can receive, and zero requirements for what you spend it on.
Is this just for small businesses? We're a nonprofit organization.
Because the credit is based on W2 payroll taxes, most nonprofits are eligible as well. This is an incentive program to refund many of the payroll taxes paid in 2020 and 2021 to employers who were able to retain their employees.
How long will this program be available?
While (in theory) these tax credits should continue being retroactive for 3 years, there's also no guarantee how long the funding for this will be available or if the legislation will change again (Congress has modified it five times in the past 2 years alone).
Do I ever have to pay back the ERTC refund?
Nope. The employee retention tax credit is not a loan. It is a payroll tax credit, and most commonly received as a refund check back to the business. Therefore, you do not have to pay it back & you can spend it on anything.
Can I receive ERTC funds for Q4 2021?
Not at the moment, but hope is not lost yet. There is a movement by politicians to bring back Q4 2021 but currently, wages paid after September 30, 2021, are no longer considered eligible wages for ERTC purposes.
What if we provided health insurance?
If you provided your employee with $10,000 in Q1 2021 in addition to $500 for health insurance. In that scenario, your ERTC will be 70% of the sum of the qualified wages & health insurance. Therefore, the total would be $7,350.
I thought the ERTC was only available in 2020?
The American Rescue Plan extended the ERTC to the end of 2021 (now ending 9/30/21), with the passing of the Infrastructure Investment and Jobs Act). For 2021, eligible employers can get a credit equal to 70 percent of qualifying wages per quarter. The max credit per quarter is $7,000 per employee. (i.e. A lot more than 2020's credit).
Am I still eligible if I applied for another tax credit or a PPP loan?
Yes, there's a very good chance you could be eligible. As of December 2020, the Consolidated Appropriations Act (CAA) made a provision that allows businesses that took out PPP loans to still qualify. However, the number of qualified wages depends on your PPP loan forgiveness application & calculation.
How long will it take for me to receive my ERTC credit or refund?
That depends on the IRS backlog, and at present, the minimum expected wait time to receive your ERTC credit from the IRS is about 6-9 months. The actual calculation of the credit depends on who does them, but it typically takes most ERTC firms 2-4+ weeks to confirm everything & calculate the total refund.
So who is an Eligible Employer? And what is the qualifying criteria needs to approved?
Eligible Employers for the purposes of the Employee Retention Credit are those that carry on a trade or business during calendar years 2020 & 2021 (including tax-exempt organizations) that either:
1. Fully or partially* suspended operations by a governmental order (AND/OR)
2. Experienced a significant decline in gross receipts during a calendar quarter
*It would probably be a good idea to get specialized advice about this. (And possibly even a 2nd opinion if needed). An organization can be considered "partially suspended" if a state or local mandate imposed restrictions by limiting commerce, travel, or meetings (for social, commercial, religious, or other purposes). This can be a "Stay at Home" order, limited indoor or on-site access, limited or canceled in-person meetings and other capacity restrictions, reduced operating hours, delayed production timelines due to supply chain issues, or several other possibilities you should seek personal advice on.
Recent Success Stories 😎
LESLIE E.
Medical Practice Owner
"When the Employee Retention Credit was included in the CARES Act, we knew we wanted help navigating the guidelines, calculations, and paperwork so we could maximize our tax credit and get everything filed correctly. We were very pleased with their team and their services."
IAN D.
Creative & Development Agency
"They are the experts when it comes to helping get the ERC. They do an excellent job walking you through the steps of what is needed for them to move forward, and make sure you’re approved before any additional steps are taken. They’re knowledgeable and take care of everything for you."
Carlton H.
Home Services Company
"Their firm was very good at knowing the laws and rules of the refund that we received. I didn't know anything about these before talking to a friend who referred me. To date we have received about $80,000 with more coming. I would advise anyone to just reach out to see if it works for you also.
Mike H.
Restaurant Owner
"Unlike the PPP Loan, these credits can be spent on any cash needs and are income. I have, with their help, received funds. Great program, increased income to secure your business in this weird time. Clarity provided is so important. Thanks to their team for all their hard work."
DAVID H.
Educational Services Company
"The team was very diligent and detail-oriented walking us through the process of applying for and receiving ERC even though our business had previously received a forgiven PPP Loan. Their team was able to quickly prepare accurate documents and we received a check for every quarter we filed."
Michael M.
Food Services Company
"Working with them was easy and everything worked out as they said it would. Just took the IRS some time to get it done. This is real and it is to your benefit for the covid restrictions from the government. All you need to do is mail the documents that they calculate and prepare for you."
About the CEO: Nick Apollo
Average CEO | Mediocre Author | Unsophisticated Investor | Industry Thought Needer | Awkward Public Speaker & Podcaster
Over the past few decades, I discovered the only thing I'm actually kinda good at is finding and hiring people who are far more talented than me...
Eventually, we assembled a holistic team & 'virtual family office' of 173 embarrassingly expensive (but ROI effective) B2B services & solutions.
To keep it simple, we really only do two things:
→ Make you more money (with guaranteed ROI)
→ Save you more money (with zero risk to try)
So for the sake of transparency, here’s our entire business model...
Questions? Book A Free Coaching Call ⤵︎
Just Complete This Simple Quiz To See If You're Eligible For A Payroll Refund Check Too:
30 Second Refund Eligibility Quiz👇
Recently Approved Refund Checks
(Many of these companies were previously told that they didn't qualify, but decided to get a risk-free 2nd opinion):
Bar & Nightlife Industry - $553,500+ in 2020 & 2021 - 41 employees
Healthcare Industry - $599,891.59 for 2020 – 195 employees
Contracting Industry - $364,283.71 for Q1 2021 - 59 employees
Nonprofit Industry - $111,150.41 for 2020 - 25 employees
Restaurant Industry - $213,029.88 for 2020 – 56 employees
Distribution Industry - $1,152,330.98 for Q1 2021 – 208 employees
Home Services Industry - $39,262.33 for 2020 – 23 employees
Manufacturing Industry - $252,104.88 for 2020 – 63 employees
Hospitality/Hotel Industry - $620,416.97 for 2020 - 383 employees
Marketing Industry - $50,954.46 for Q3 2021 - 11 employees
Food Prep Industry - $528,340.02 for Q1/Q2 2021 - 156 employees
School/Education Industry - $111,150.41 for 2020 - 25 employees
Gym & Exercise Industry - $51,455.01 for 2020 - 16 employees
Church/Religious Organization - $30,782.22 for 2020 - 12 employees
Franchise Industry - $371,551.39 for 2020 - 312 employees
Beaty/Hair Salon Industry - $107,793.22 for 2020 - 36 employees
Staffing/Recruiting Industry - $275,099.46 for 2020 - 326 employees
Field Exam Industry - $324,846.66 for Q1/Q2 2021 - 30 employees
Engineering Industry - $21,000+ for Q1-Q3 2021 - 2 employees
Restaurant Industry - $1,950,000+ for 2020 & 2021 - 150 employees
Franchise Industry - $5,250,000+ for 2020 & 2021 - 350 employees
Software Industry - $398,017.23 for 2020 - 19 employees
Insurance Industry - $127.932.01 for 2020 - 9 employees
Security Industry - $1,245,000+ for 2020 & 2021 - 389 employees
Nonprofit Industry - $245,000+ for 2020 - 49 employees
Campground/RV Industry - $260,973.10 for 2020 - 73 employees
Cleaning Industry - $170,865.03 for 2020 - 55 employees
Pizza & Sandwich Industry - $376,455.17 for 2021 - 91 employees
Multi Location Restaurant - $203,233.79 for 2020 - 53 employees
Free 30 Second Refund Eligibility Quiz 👇
Allies International
Personal endorsement from Kevin Harrington (from SharkTank):
Nick (& Haley) Apollo
Founder & "Average Entrepreneur"
Nick & Haley built and sold three companies prior to assembling Allies International to provide resources for entrepreneurs, business owners & nonprofits.
Lindsay Larson
Operations Director & Chief Integrator
Lindsay is the glue that holds everything together at Allies. She creates, refines and aligns all of our systems and team communication with unrelenting comedic timing.
Marc Freedman
Advisor & Finance Director
Marc is a financial engineer who leverages proprietary datasets to build custom solutions that recover previously lost profits & EBITDA. (With guaranteed results).
DAMIEN ZAMORA
Advisor & Marketing Director
Damien is one of the most accomplished marketers in the world and is always on the cutting edge of new martech platforms and advertising channels.
Yanik Silver
Advisor & Author of Evolved Enterprise
Yanik is well-known speaker, marketer, copywriter, leader of the mastermind group Maverick 1000, and author of "Evolved Enterprise" that combines business & impact..
Trevor Blake
Advisor & 9 Figure Entrepreneur
Trevor has built and sold 3 companies for a combined EV of over $600M+, and currently runs multiple businesses from home with only a 5 hour workday.
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Allies International creates free educational content and communities for business owners and nonprofit directors. The mission of our organization is to empower entrepreneurs by sharing timely information and curating hundreds of third-party resources to help them create more impact within their local communities. All information shared should be considered the sole thoughts and opinions of the author(s). This content is for educational purposes and is not personalized financial, tax, investment or legal advice.
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