MJG Consultants – Your ERC specialists

Do you know if your business is eligible for the Employee Retention Credit (ERC)? Contact us and see if you qualify!

Paycheck Protection Program (PPP) recipients are now eligible for Employee Retention Credit (ERC)

Under section 206(c) of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, an employer that is eligible for the employee retention credit (ERC) can claim the ERC even if the employer has received a Small Business Interruption Loan under the Paycheck Protection Program (PPP). The eligible employer can claim the ERC on any qualified wages that are not counted as payroll costs in obtaining PPP loan forgiveness.

Maximize your ERC Credit: Check if you Qualify

We’ll help determine your eligibility, document your processes, and maximize your return for no upfront fees! Complete the form below to estimate your refund.

Get Started

The Employee Retention Credit

COVID-19 has been a challenge for all of us. As the world shut down the economy came to a halt, leaving the future of many businesses in a precarious position. As we begin to find normalcy again, businesses now have to focus on recovering and fortunately, several government programs are easing this process.

One such program is the Employee Retention Credit or ERC, which is a generous stimulus program designed to bolster those businesses that were able to retain their employees during this challenging time. Due to the extremely complex tax code and qualifications, it is severely underutilized. Details of the program include:

UP TO $26,000 PER EMPLOYEE

AVAILABLE FOR 2020 & Q1 - Q3 2021

QUALIFY WITH DECREASED REVENUE OR COVID EVENT

NO LIMIT ON FUNDING (ERC IS NOT A LOAN)

ERC IS A REFUNDABLE TAX CREDIT

31969042 - two male engineers working in electrical substation

Frequently Asked Questions

We took the PPP and do not qualify.

False. The new stimulus package recently signed into law allows businesses that received Paycheck Protection Program (PPP) loans to also receive the ERC. However, employers may only utilize the ERC towards wages that are not paid for with forgiven PPP proceeds.

Our company’s year-over-year sales did not decline by 20%, therefore we do not qualify.

False. Your business needs to either experience a 20% decline in gross receipts OR suspension in operations, not both. Almost every business has been impacted in some way by a national, state, or local governmental order, therefore qualifying the business.

We are a non-profit company, don’t pay taxes, and do not qualify.

False. Unlike past employee retention credits, this credit also applies to tax-exempt organizations if the operation of the organization is fully or partially suspended due to governmental orders related to COVID-19. Many nonprofit schools, day care centers, counseling centers, ministries, churches, and clubs closed their buildings and/or partially.

A complete shutdown of operations is required to qualify

False. If your business had to change operations in any way due to governmental orders OR if gross receipts declined by 20% year-over-year, your business qualifies. A change in operations means extra cleaning or sanitizing, installing/utilizing protective equipment, temperature checks, a change in job roles/functions, and more.

My revenue went up in 2020, so I don't qualify for the ERC program.

False: There are two possible qualifications for 2020: revenue reduction, or a "full or partial shutdown of your business due to COVID-19". Specifically the IRS describes this as "A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings." Below are several examples of qualifying events:

Example 1: A restaurant must close or limit its on-site dining. Such as having to close down every other table, due to COVID-19 restrictions.

Example 2: A business that needs to meet with clients in person and has to cancel meetings due to COVID-19 restrictions.

Example 3: A business has to reduce their operating hours because COVID-19 restrictions and cleaning requirements.

Example 4: A business had delayed production timelines caused by supply chain disruptions.

Example 5: A business with a planned event has to cancel that event, or restrict the amount of people who can attend due to COVID-19 restrictions.

Why MJG Consultants?

Dedicated to ERC

No need to be the guinea pig for your CPA. We average 10-20% more funding than a CPA not familiar with the program.

ERC Program Specialist

Our team strictly focuses on ERC allowing us to be the experts and resulting in more funding for your business.

Lightning Fast Results

Our streamlined processes allow for faster results, which means faster funding.

Professional Support

Although our process is quick and painless, when you have questions we have answers with a dedicated team of ERC support specialists.

Maximizing your Credit

We evaluate your claim in every way possible to ensure we maximize your credit.

MICHAEL GIANNETTI

Owner and President

Michael Giannetti is the Owner and President at MJG Consultants. Michael has 12+ years of Finance advising and investing experience which shows in his confident knowledge of how to achieve what works best for you and your company. Michael's motto is truly "Client first".