Employee Retention Tax Credits - Consolidated Appropriates Act of 2021 Expands CARES Act Employee Retention Credit Employers, including tax-exempt organizations, are eligible for the credit if they operate a trade or business during calendar year 2020 and experience a “partial suspension” of the operation of their trade or business during any calendar quarter because of governmental orders limiting commerce, travel, or group meetings due to COVID-19. The coronavirus (COVID-19) outbreak has forced the cancellation of trade shows throughout the world and according to studies, airplane passenger numbers dropped by 60 per cent in 2020 as a result of the COVID-19 pandemic.
According to IRS FAQs, a business that can open (but with restrictions) would still be “partially” shut down due to a governmental order. For example, if a restaurant dining room normally has 100 tables, but due to “social distancing” orders, the restaurant is only permitted to have 50 tables, the employer is still subject to a partial shutdown order and would be eligible for the ERC.
White Wing collaborate with Jorns & Associates provide complete, rapid and uncompromising advice around Employee Retention Credits and will help you identify all the ways your business has had impact on commerce, travel and group meetings to qualify for ERC.
Maximum Amount Per Employee (2020 & 2021) $5,000 for the current year of 2020. For the year 2021 the maximum amount available is $7,000 per employee for Q1 of 2021, $7,000 per employee for Q2 of 2021, and $7,000 per employee for Q3 of 2021.
70% Of the first $10,000 in payroll costs covered by ERC/ERTC in Q1 and Q2 of 2021
There are many companies that offer tax credit and incentive consulting services. There are very few that are 100% focused on it. Comprised of tax credit veterans with decades of industry experience serving clients of all sizes and in virtually all industries, Jorns & Associates specializes in helping employers obtain federal and state tax credits as well as disaster relief incentives.
With an executive team made up of thought leaders who have made significant contributions to the tax incentives industry, Jorns & Associates’ mission is to provide the best service available and to achieve maximum value for its clients.
Our process involves researching each piece of legislation to understand the qualifications for each tax credit opportunity in-depth. This information is then recorded in our innovative, proprietary software so each client candidate, new hire, and location can be matched against the latest eligibility requirements and applicable incentives.
We know services are only as valuable as the team that implements and supports them. In times like these, connection and collaboration are more important than ever… that’s why connecting with clients on a more personal level has been a cornerstone of how we operate.
The Process to Schedule an Appointment (If possible 48 hours in advance)
(The most requested time is Tuesday at 10am. Although we have 7 presenters, please try to switch it up from this time slot if possible)
• Text Jonny Burgess at 603-264-0961 and include:
• Name of Company, Industry, & approx. EE count
• Date & Time (include Time Zone) a prospect wants to meet via zoom
• Email addresses of everyone you want invited (including yourself)
NE Sales Manager
Principal of Creative Benefit Solutions
White Wing is a world-class multicultural team of experts focusing on helping people secure their financial future by reducing risk. Through innovative digital access White Wing agents make over 4,000 product options available to clients, delivering peace of mind to clients. White Wing built on a strong foundation to help clients to get their financial house in order, by providing objective advice and creating comprehensive plans.
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