Mission Statement

Our Founders have been helping families for over 20 years and now we are shifting to helping charities and small businesses affected by the world-wide pandemic

Provide Solutions is taking the responsibility to help charities and small businesses that want our help with the program called ERTC

What is ERTC?

Get a check for up to $26K per employee from the IRS.

The Employee Retention Tax Credit (ERTC) is a fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocated qualified health plan expenses) paid to their employees in 2020 and 70 percent in 2021.

When your business was hurt; you kept your employees on the payroll. The IRS may owe you up to $26,000 per employee. We will help find out if you qualify, maximize your credit and complete the forms to get you a check in the mail as quickly as possible.

ERTC Qualifications

  • Two Ways To Qualify
    • Government Partial Or Full Shutdown Of Operations Limiting Commerce, Travel, Or Group Meetings

Or

  • A Specific Decline In Gross Receipts For The Quarter
    • 50% Decrease For 2020
      • 2020 Quarter Compared To Corresponding Quarter In 2019
    • 20% Decrease For 2021
      •  2021 Quarter Compared To Corresponding Quarter In 2019

Free Qualification Check

Before You Begin – Please Read Completely

DISCLAIMER: The Employee Retention Credit (ERC) is a robust stimulus program created by the CARES Act. This program offers employers a significant refundable tax credit for retaining employees during the pandemic.

The following questions only take a few minutes and will help us guide you through the process to determine if your business qualifies. It is essential that you read the questions thoroughly and answer them accurately.

If you qualify, we will send you a HIPPA Compliant Secure link to upload important payroll documentation, which will be required to precisely calculate your expected credit. Along with the answers provided in this questionnaire we then conduct a thorough analysis to determine your credit amount. Once your analysis is completed and approved, our team will process and prepare your documents. Please have the following information about your business available before you begin the questionnaire or for when we visit in person or on the phone:

1. Average number of full-time employees for 2019 – a full-time employee is considered someone that works 30+ hours per week.

2. Gross receipts for each quarter of 2019, 2020 & 2021 (total deposits/sales not including PPP funds).

3. Be ready to answer questions about government shutdowns that impacted your business. An example of a qualified shutdown would be If your vendors experienced shutdowns and you couldn’t obtain critical goods.

Provide Solutions, LLC DOES NOT provide any legal, tax or financial advice and users of this web site should consult with their own lawyer and C.P.A. for legal, tax and financial advice.

Frequently Asked Questions

Do I have to repay the ERTC Credit?

No. This is not a loan. It’s a refundable tax credit. When you file your ERTC claim you will request a refund check.

Can I just have my CPA file? Why would I use ERTC Specialists?

Of course. The challenge is the ERTC is based on your payroll returns and not through your business income tax returns, which is what most CPA’s handle. Because of this most CPA’s don’t process this credit, unless they process your payroll in house. This is also a big reason why this credit is so underutilized. Since CPA’s don’t typically handle it and they are the tax experts, it has mostly fallen in a middle ground where few are able to effectively process the credit. Interestingly, we receive a large portion of our clients from CPA’s.

In our experience we have found that due to the complexity (the ERTC tax code is over 200 pages) and time investment necessary to understand the ERTC program, very few are able to effectively maximize this sizable credit for your business.

Can I get ERC Funds if I already took the PPP?

Yes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, modified the ERTC credit rules. One of the modifications included allowing a company to have a PPP loan and still take advantage of the ERTC credit. However, you can’t use the same dollar for dollar funds. We take this into account when processing your ERTC credit.

My revenue went up in 2020, can I still qualify for the ERTC program?

Yes! 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.” 

Will the ERTC funds run out?

This is not a lending program – tax refunds are issued by the US Treasury. Therefore, all eligible employers will receive the funds.

I’m getting more in ERTC Credit than I paid in taxes?

Remember that this program is taken according to payroll taxes paid, not on income taxes. ERTC funds not applied towards owed payroll taxes are treated as an ‘overdeposit’ of taxes that will be requested as a refund check from the IRS.

As an owner do my wages, or the wages of any family member I employ qualify?

Maybe. Wages of owners who have majority ownership, defined as over 50%, do not qualify, nor do the W2 wages of any immediate family members of the owner. In the case an owner has less than 50% ownership, their W2 wages qualify, as do the W2 wages paid to immediate family members.

Is the ERTC Credit taxable?

The ERTC credit is not considered income for federal income tax purposes, but you must reduce any deductible wage expenses by the amount of the credit. Please provide the credit information to your CPA for tax purposes.