What is Employee Retention Credit?
If you qualify for the PPP program, there is a high probability you qualify for the ERC.
The Employee Retention Credit (ERC) is a credit directly to small businesses, passed by US Congress in late 2020 and applies to businesses below 500 employees. If qualified, the business will receive a direct payment from the IRS.
WARNING: This is not a loan or a grant. This is the Federal Government providing direct payments to your business based on payments you have already made to your employees.
How does it work?
Let Seek Capital’s team navigate the complexities of this new program, handle the overwhelming paperwork and get you the maximum funds you are eligible for, as quickly as possible.
Practical Scenario: If you have 10 employees and qualify for the max of $33,000 per employee, you will receive $330,000 in direct payments from the Federal Government via the IRS.
If you have 50 employees and qualify for the max of $14,000 per employee, you will receive $700,000 in direct payments from the Federal Government via the IRS.