How Do I Claim ERC?

Claiming the Employee Retention Credit

The best way to claim the credit is to work with GetMyFunds Funding Specialists and CPAs who know how to handle the complexities and your unique situation. Our team has expertise in ERC and can help you through the maze.

How the Claim Process Works

To claim an ERC, you’ll need to file an Adjusted Employer’s Quarterly Federal Tax Return using IRS Form 941-X. Eligible businesses can report their qualified wages retroactively for each quarter on their federal employment tax returns. Make sure to report your total qualified wages and health insurance-related costs as well.

You could retain the ERC amount you would have deposited to your employment tax and receive that as a credit. If you’ve already applied for an employment tax credit, you can file an IRS Form 941-X, letting you amend your previously submitted IRS Form 941.

What Quarters Can You Claim the Employee Retention Credit?

The period to claim a credit falls within the first four quarters of 2020 and 2021. At the time, to claim an ERC refundable tax credit, that period ran between March through January 1, 2021. After legislative changes, the ERC was expanded beyond 2021.

How Do I Successfully Claim the Employee Retention Credit?

It’s crucial you have the proper documents and can answer questions about your business correctly. How many W2 employees were on your payroll? Do you own or have you invested in other businesses? Did you meet the two-factor qualification criteria?

Applying for ERC can feel like a maze—dare we say, a dangerous one. If a form is filed incorrectly, your claim can be delayed or denied even if you’re eligible. At worst, you’ll have the IRS breathing over your shoulder.

It makes the most sense to trust the process with the professionals. Here at GetMyFunds, there’s no risk in seeing if you qualify and no upfront costs. Our expert Funding Specialists will gather your information and file your claim quickly. If you want to see if you qualify, contact us today.

ERC at a Glance

How Much Can I Get?

You can receive up to $26,000 per W2 employee based on eligibility criteria and wage calculations during 2020 and 2021.

Does My Business Qualify?

Unsure if your company qualifies for an ERC? Almost all with W2 employees during 2020 and 2021 are entitled.

How Do I Apply For ERC?

The best way to claim the credit is to work with GetMyFunds Funding Specialists and CPAs who know how to handle the complexities and your unique situation.

How Does It Work?

The Employee Retention Credit (ERC) allows businesses to receive a refundable tax credit for retaining employees during the COVID-19 pandemic. Since this is not a loan or lending program, employers do not have to pay it back.

What Are ERC Qualified Wages?

The qualified wages, as defined by the IRS, are those that were paid to employees after March 12, 2020, and before January 1, 2022.

What’s the Deadline?

The first one is April 15, 2024, which is the last date you can apply for all quarters in 2020. The second is April 15, 2025, which is the deadline for all quarters in 2021.

What If I Already Collected PPP?

Your company can still qualify for ERC if you have qualifying earnings that were not included as payroll expenditures when you applied for PPP.

When Will I Get My Check?

Once you have gone through the process and we have filed your ERC claim, you should receive a refund check from the U.S. Treasury within approximately four to six months.

Do I Have to Pay It Back?

No. ERC is not a loan, it’s a refundable tax credit that you get to keep.

Are there Qualified Wages Exclusions for Company Owners and Family?

Most business owners likely can’t include their wages for the ERC. Family members’ wages are generally excluded as well.

Know a Business
That Could Use ERC Help?

We are now accepting introductions to business that may qualify for ERC. We do the heavy lifting, and you collect a referral fee. Our average ERC funding per company is $300,000, and your average referral fee per client is $4,500. Several of our referral partners will earn over six figures.

Referral Program

We do the heavy lifting.
You get your ERC funds faster.

There’s no commitment, pressure, or obligation.