The purpose of this calculator is to provide a preliminary estimate of your ERC eligibility and claim amount.
The more data in = the better data out.
Focused solely on compliantly Maximizing and Financing Employee Retention Credit claims
with an efficient process that requires less of your time!
In just 2 – 5 minutes, our advanced algorithm will determine:
> Your estimated credit amount
AND
> Which calendar quarters you are eligible for
Quarterly Gross Receipts
totals for 2019, 2020 and 2021
Quarterly 941 filings
for the years 2020 and 2021
As a business owner, you’ve struggled to retain your employees throughout COVID-19. The government has stepped in to help you, with the Employee Retention Tax Credit.
There are two ways you can qualify for the ERC:
In legal terms: You’ve experienced a Significant Decline in Gross Receipts (SDGR) across all your aggregated businesses.
In simple terms: You’ve made less money in a calendar quarter in 2020 or 2021 as compared to that same calendar quarter in 2019.
How much less money?
2020 – 50%
That means that your gross receipts for a calendar quarter in 2020 are less than 50% of the gross receipts for that same calendar quarter in 2019.
For example: You’ve made $100,000 in Q1 of 2019, but only $49,000 in Q1 of 2020. Your gross receipts in Q1 of 2020 was 51% less than Q1 of 2019, so you can qualify for the ERC.
2021 – 20%
That means that your gross receipts for a calendar quarter in 2020 are less than 80% of the gross receipts for that same calendar quarter in 2019.
For example: You’ve made $100,000 in Q1 of 2019, but only $79,000 in Q1 of 2021. Your gross receipts in Q1 of 2021 was 21% less than Q1 of 2019, so you can qualify for the ERC.
→ If you have a reduction in one calendar quarter, you will most likely qualify for a reduction in the following calendar quarters, because the eligibility requirements change. Contact us to find out more.
Want to see directly from the IRS? Click here.
In legal terms: You experienced a full or partial suspension of operations (FPSO) due to a government order or restriction.
In simple terms: You were required to close all or part of your business, or incurred a loss of business as a result of a government order or restriction.
How do I know if my business was affected?
- Did a federal, state or local restriction require you to close your business, even partially? Then you may have experienced a loss due to an eligible order. (Read more about eligible order here)
- Did a federal, state or local restriction require your supplier to close their business, thereby causing you to make less money?
Then you may have experienced a qualifying effect. (Read more about qualifying effects here)
Want to see directly from the IRS? Click here.
Our ERC Calculator determines how much ERC you are eligible to receive per quarter. The estimate is based on the data you input.
Enter your actual data* to determine a more accurate estimate of the refund you can claim.
Input estimated revenue amounts and receive an approximate refund amount.
* Need to aggregate other companies into your calculation?
Contact us for a more accurate refund quote.
