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ERC PROGRAM IMAGE

Employee Retention Credit Program (ERC)

Genesis is much more than a telephone and internet provider.  We care about your organization as a whole and the ERC program is just one such resource we have avaiable to you. We truly want to help you grow and prosper.  This program can GREATLY help you do just that!  Wish you had a little extra cash for an expansion or hiring some new employees? This program may just do that for you!

What is the Employee Retention Credit?

 

  • ERC is a government stimulus aid 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 W2 employee

  • Qualify with a change in business operations

  • Qualify with decreased revenue

  • Available for 2020 and the first 3 quarters of 2021

  • No limit on funding

  • ERC is a refundable tax credit, not a loan

  • Qualify for ERC even if you already received PPP

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