ASAP's ERC Support Services
The Employee Retention Tax Credit (ERC) is a refundable payroll tax credit that employers may claim for eligible wages paid during qualifying quarters in 2020 and 2021. ERC may be claimed retroactively via amended returns, and/or in the current quarter by reducing certain federal payroll tax liability payments. And thanks to recent legislative changes to the program, more small businesses and nonprofits now qualify for ERC, even if they have PPP loans.
Calculating and claiming ERC for qualified wages can get complex, and you have enough to worry about right now. If you're a current ASAP client, we can help! To get started, answer a few questions to help confirm your ERC eligibility. Then complete our ERC Support Services Request Form to request a 20-minute free consultation and learn more about how we can help you claim up thousands in payroll tax credits per employee.
If you're a current ASAP payroll client that is eligible for ERC, please note that we require your authorization to claim and/or track ERC with your payroll services. Please complete our ERC Support Services Request Form to get started.
ASAP ERC Resources
- ASAP ERC Services FAQs
- ASAP ERC Support Services Info & Pricing
- ASAP Blog, 5 Reasons Why ERC is Worth Another Look for Payroll Tax Relief
IRS ERC Resources
Navigating the IRS website for updated ERC resources can get complicated. Use the following links to directly access IRS ERC resources:
- IRS "New" ERC News Release (Jan. 26, 2021)
- Revised 2020 ERC Guidance (IRS Notice 2021-20)
- 2021 ERC Guidance for Q1 & Q2 (IRS Notice 2021-23)
- IRS ERC Web Page (NOTE: 2021 ERC updates still in-progress)
- IRS ERC FAQs (NOTE: 2021 ERC updates still in-progress)
Disclaimer: This information is provided as a self-help tool and does not constitute legal or financial advice. Laws, regulations and lending products are changing daily and decisions as to whether or how to use this information and/or what actions to take in response to the COVID19 Pandemic are solely those of the employer. The providers of this information disclaim any and all responsibility and liability for its accuracy, completeness or fitness for your particular business purposes.