Receive up to $26,000 per employee from the IRS.
Qualify even if you received PPP. Cash refund, not a loan.
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First time you’ve heard about the Employee Retention Tax Credit ( ERTC ) program?

If this is the first time you’re hearing of the ERTC program, you are definitely not alone. According to the National Federation of Independent Business, only 32% of small business owners said they were somewhat familiar with the credit.

The ERTC is a refundable credit that businesses can claim on qualified wages, including certain health insurance costs, paid to employees. It was first established in 2020 under the CARES Act and was created to help businesses keep employees on their payroll during the COVID-19 pandemic. Since, there has been several changes and new laws which has resulted in a rather complex situation for businesses.

Sachem Financial is passionate about ensuring businesses have access to ERTC expertise and a team that will support businesses from the start through the receipt of ERTC funds. We exclusively work with industry experts and process all ERTC with Accelerate Tax in NYC.

Businesses Can Claim the Employee Retention Tax Credit Retroactively until 2024

With the Employee Retention Tax Credit (ERTC) program businesses have up to three years from the end of the program to conduct a lookback to determine if wages paid after March 12, 2020 through the end of the program are eligible. ERTC is separate from the Paycheck Protection Program (PPP) and is a refundable tax credit paid by the IRS. It is not a loan and does not need to be paid back to the IRS.

For most businesses, the credit could be claimed on wages until Sept. 30, 2021, with certain businesses having until Dec. 31, 2021 to pay qualified wages.

Determining your ERTC Eligibility

Examples – 2020 Credit Situations

50% tax credit on qualified wages up to $10,000 per employee

  • 40 employees each with $10,000 qualifying wages after March 13, 2020 = ERTC of $200,000
  • 20 employees each with $8,000 qualifying wages in the 4th quarter only = ERTC of $80,000
  • 30 employees each with $7,000 qualifying wages in the 4th quarter only = ERTC of $105,000
YES

Does your business have 100 or fewer employees?

YES

Did your business experience a 50% or greater decline of gross receipts in a given quarter of 2020 compared to the same quarter in 2019, OR was it subject to a government shutdown?

OK

Did you receive a PPP loan in 2020?

Your business appears to be eligible for ERTC tax credit!

YES

Does your business have 500 or fewer employees?

YES

Did your business experience a 20% or greater decline of gross receipts in a given quarter of 2021 compared to the same quarter in 2019 OR was it subject to a government shutdown?

OK

Did you apply for a PPP loan in 2021?

Your business appears to be eligible for ERTC tax credit!

Examples – 2021 Credit Situations

70% tax credit on qualified wages up to $10,000 per employee, per quarter (through Q3)

  • 40 employees each with $10,000 qualifying wages in each quarter, Q1 and Q2 = ERTC of $560,000
  • 20 employees each with $8,000 qualifying wages in the 2nd quarter only = ERTC of $112,000
  • 30 employees each with $7,000 qualifying wages in Q1, Q2, and Q3 each = ERTC of $441,000

Process to Obtain ERTC

Get started today to ensure you receive the ERTC funds your business is eligible to receive from the IRS.

01.

The experts at Accelerate Tax will handle all the ERTC work and will lead you through an interview style approach to analyze your business’ existing financials related to ERTC.

02.

Accelerate Tax will quickly and accurately process your ERC claim to maximize the amount of your refund under law and to ensure the fastest delivery of funds to your business. Additionally, there are Advance Payment Options available.

03.

The necessary filings are prepared for the IRS, reviewed with you for final sign off and approvals and submitted for you.

04.

Your ERTC funds are delivered to your bank account, net of the fee you have reviewed and authorized for Accelerate Tax expertise. Final documentation is delivered to you with the details of your filing and ERTC related information.

Advance Payment Options

As ERTC is paid by the IRS, it can take several months for the IRS to submit payment. Accelerate Tax has options to help your business receive an advance on your ERTC funds. Please inquire.

Our Value Proposition

  • Sachem Financial is different from other firms by providing each client with access to an exclusive business sustainability education, powered by the University of New Haven
  • Deep expertise matters as the ERTC program tax law is complex.
  • Full service with an Interview style support process that maximizes your ERTC and allows you to focus on your business.
  • Detailed audit-assist documentation provided.
  • Transparency throughout for review and authorizations related to ERTC.

Our Relationship with Accelerate Tax

We’re proud to be affiliated with the expertise at Accelerate Tax. The domain knowledge, finance, tax and accounting experience provided by Accelerate Tax will help to maximize the ERTC refund for your business. Their focus and leadership with complex ERTC program work provides exceptional service and support for companies needing and wanting assistance with the ERTC program.

Advanced Technology

As the filing window for the ERTC program is approaching, it is important to us that we’re providing businesses the opportunity to work with a provider, Accelerate Tax, that offers the latest in technology to ensure ERTC filings are correct and processed quickly to maximize your ERTC refund.