Lending

All the Reasons You Probably Qualify for the ERC

November 16, 2023

If your business is feeling a little strapped for funds, file for an Employee Retention Credit (ERC) and get a refund of the taxes you’ve already paid.

The average small business receives $150,000, even if it’s already received PPP funds! No muss, no fuss. 

But you’re probably thinking that, since it’s government-adjacent, it’s going to be a whole thing that requires complex paperwork filed in triplicate and takes years to get back…what’s the point? You need money now, and your time is too valuable to waste on tedious applications.

We get it.

Luckily, this is what Adesso does best. Their team of CPAs are experts in ERC and have clawed over $600 million back in retroactive tax credits for business owners around the US. Now it’s your turn.

Here’s what you need to qualify:

  1. Own a US based business
  2. Have between 1 to 500 full-time employees
  3. Kept at least two non-family member employees on the payroll in 2020 and 2021
  4. Have experienced partial or full shutdowns, needed to operate at reduced capacity, OR experienced revenue decline from prior years

That’s it! Adesso takes care of the rest, so you don’t have to take focus away from your business.

What could you do with a six-figure tax refund? Funny you ask! Some clients have used it for:

  • Launching a new marketing campaign
  • Expanding restaurant space
  • New kitchen equipment
  • Staff bonuses
  • New inventory

Maybe this ERC thing is worth checking out, you know?

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