How It Works
Watch our video to understand more about the ERC program and how Government Aid can help your business.
About The ERC Program
What is the Employee Retention Credit (ERC)?
ERC is a stimulus program designed to help those 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 you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.
Up to $26,000 per employee
Available for 2020 and 3 quarters of 2021
Qualify with decreased revenue or COVID event
No limit on funding
ERC is a refundable tax credit
How much money can you get back?
You can claim up to $5,000 per employee for 2020. For 2021, the credit can be up to $7,000 per employee per quarter.
How do you know if your business is eligible?
To qualify, your business must have been negatively impacted in either of the following ways:
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.
Gross receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.
A business can be eligible for one quarter and not another.
Initially, under the CARES Act of 2020, businesses were not able to qualify for the ERC if they had already received a Paycheck Protection Program (PPP) loan. With new legislation in 2021, employers are now eligible for both programs.
Why Bottom Line?
The ERC underwent several changes and has many technical details, including how to determine qualified wages, which employees are eligible, and more. Your business’ specific case might require more intensive review and analysis. The program is complex and might leave you with many unanswered questions.
We at Bottom Line can help make sense of it all. Our dedicated experts will guide you and outline the steps you need to take so you can maximize the claim for your business.
Our services include:
Thorough evaluation regarding your eligibility
Comprehensive analysis of your claim
Guidance on the claiming process and documentation
Specific program expertise that a regular CPA or payroll processor might not be well-versed in
Fast and smooth end-to-end process, from eligibility to claiming and receiving refunds
Dedicated specialists that will interpret highly complex program rules and will be available to answer your questions, including:
How does the PPP loan factor into the ERC?
What are the differences between the 2020 and 2021 programs and how does it apply to your business?
What are aggregation rules for larger, multi-state employers, and how do I interpret multiple states’ executive orders?
How do part-time, Union, and tipped employees affect the amount of my refunds?
Ready to Get Started?
We help you determine whether your business qualifies for the ERC Program.
We analyze your claim and compute the maximum amount you can receive.
Our team guides you through the claiming process, from beginning to end, including proper documentation.
Frequently Asked Questions (FAQs)
What period does the program cover?
The program began on March 13th, 2020 and continues to September 30th, 2021 for eligible employers.
You can apply for refunds for 2020 and 2021 after December 31st of this year, into 2022 and 2023. And potentially beyond then too.
We have clients who received refunds only, and others that, in addition to refunds, also qualified to continue receiving ERC in every payroll they process through September 30, 2021, at about 30% of their payroll cost.
We have clients who have received refunds from $100,000 to $6 million.
Do we still qualify if we already took the PPP?
Yes. Under the Consolidated Appropriations Act, businesses can now qualify for the ERC even if they already received a PPP loan. Note, though, that the ERC will only apply to wages not used for the PPP.
Do we still qualify if we did not incur a 20% decline in gross receipts?
Yes, your business qualifies for the ERC, if it falls under one of the following:
- 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.
- Gross receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.
Do we still qualify if we remained open during the pandemic?
Yes. To qualify, your business must meet either one of the following criteria:
- Experienced a decline in gross receipts by 20%, or
- Had to change business operations due to government orders
Many items are considered as changes in business operations, including shifts in job roles and the purchase of extra protective equipment.
Chief Procurement Officer
"The engagement with Bottom Line has been a great success for NCR. The team was able to recover a seven-figure amount by sifting through enormous amounts of payables data. Overall, I am very pleased with the results as well as the manner in which it was accomplished. Well done to the Bottom Line team!"
Chairman of the Board
"Bottom Line Concepts has terrific leadership and fulfills its promise to add value by contributing to the bottom line of your organization. They promised us positive results and delivered on their promise! There are very few no risk/all reward opportunities available today in the business world. Bottom Line Concepts offers such a proposition!"
Chief Finance Officer
"Bottom Line Concepts has been helping us identify cost savings in a number of different areas and in a short amount of time has already identified six figure savings. Their staff members have been great to work with and have made the process seamless and easy, requiring only a limited amount of time and energy from our internal staff to manage the process. They have been a great partner of the Boston Red Sox and we are very pleased with their services."
Experts Ready to Help
Why Work with Bottom Line?
Our dedicated team is highly specialized with ERC and will maximize the amount you get back.
Maximize Your Return
We have an understanding of ERC to identify how to maximize your grant of up to $26k per Employee.
CPA’s and payroll processors are usually not well-versed in ERC. This is what we live and breathe.
Proven Track Record
Worked with countless major brands and Fortune 500 companies.
Experts with Small to Large Businesses
We have worked with small to large companies and are equipped to handle your business.
Fast, Efficient Process
ERC is complex and time-consuming. We specialize in making the process simple and will minimize your time invested to get the grant.
We are a contingency-based cost savings company meaning you only pay if you qualify and receive a grant.
Get to know Bottom Line...
We are a no-risk, contingency-based cost savings company. We negotiate on behalf of our clients to get the best prices possible from their existing vendors. We audit old invoices for errors getting our clients refunds and credits. We increase the profitability and overall valuation of our client’s organizations.
Founded in 2009, Bottom Line is North America’s leading Contingency-based cost consulting firm. We have worked with more than 12,000 clients and have successfully brought over $2.5 billion dollars in savings since inception.