Get Up to $26,000 per Employee

If you’re an employer impacted by COVID-19, we can help you maximize the benefits of the Employee Retention Credit. Negatively-impacted businesses can get up to $26,000 per employee.

We’ll leverage reports that are fully substantiated for IRS auditing, with little disruption to your business operations.

R&D Tax Credit

Small Businesses Can Save

Eligible employers that paid qualified wages during the COVID-19 pandemic may qualify for the Employee Retention Credit.

Beginning with the CARES Act, the ERC applies a fully refundable tax credit to qualified small businesses that paid qualified wages to employees after March 12, 2020, and before January 1, 2021.

The TaxRX Group can help you discover if your business or practice is eligible for this credit. In fact, the credit amount raised from $5,000 to $14,000, and you may even qualify for a retroactive credit if you secured a PPP loan.

The ERC credit offsets withholdings from all federal employment taxes like:

  • Federal income tax withholding
  • Medicare
  • Employer FICA
TaxRx Group blog

Talk to Our Experts About the ERC

It’s reassuring to see more opportunities for business owners to find some relief in the wake of the pandemic. However, the guidelines governing these programs can be complex.

That’s why it’s important to partner with a trusted, professional team like The TaxRxGroup that can help you navigate the application processes and ensure you have a strategy that allows you to make the most of your funds.

At The TaxRX Group, we’ve established a dedicated PPP and ERC team that’s solely focused on helping businesses like yours navigate these government programs and use the funds to strengthen their balance sheets. We also have deep, industry-specific experience working with growth-focused companies of all sizes.

Our team at The TaxRX Group has years of experience securing federal and state tax credits on legislative developments like the ERC. Contact us to find out if we can help your small businesses offset payroll taxes by thousdands per year with the ERC.