The employee retention tax credit (ERTC) is a fully refundable tax credit designed to encourage employers to keep employees on their payroll. The goal of the ERTC is to help businesses bounce back from the financial fallout of the pandemic and regain economic security.
Business owners can now claim up to $5,000 tax credit for every employee on their payroll in 2020, and up to $7,000 for each of the first three quarters in 2021, whether they received PPP funds or not.
The ERTC is available to both essential and non-essential businesses in any industry that was impacted by the COVID-19 pandemic.
myMonson works directly with 3P Risk Strategies, a business consulting firm, to make this process smooth and simple for our clients. In 2022 alone, 3P Risk Strategies helped small businesses claim almost $9 million in tax credits. Contact us using the form below to set up a free 15 minute consultation call with 3P Risk Strategies.
| Industry | Client Type | # of Employees | Refund Amount |
|---|---|---|---|
| Industrial & Manufacturing | Commercial Packaging | 120 | $2,102,483 |
| Industrial & Manufacturing | Print shop | 108 | $1,895,020 |
| Construction & Landscaping | Landscaping | 45 | $1,129,872 |
| Construction & Landscaping | Residential and commercial painter | 39 | $647,807 |
| Healthcare | Home health aides | 45 | $630,733 |
| Realty | Community Planner / Home Builder / Realty brokerage | 30 | $563,228 |
| Industrial & Manufacturing | Manufacturing | 17 | $365,833 |
| Healthcare | Home health aides | 40 | $304,240 |
| Farms | Farming | 15 | $183,807 |
| Retail | Grocery Store | 20 | $178,600 |
| Healthcare | Fertility clinic | 14 | $164,423 |
| Healthcare | Dentist | 10 | $134,473 |
| Construction & Landscaping | Building Company | 30 | $128,552 |
| Construction & Landscaping | Home builder | 7 | $52,491 |
| Restaurants | Restaurant | 7 | $50,829 |
| Restaurants | Restaurant | 13 | $30,242 |
| Construction & Landscaping | General Construction and Emergency Response | 30 | $28,170 |
| Industrial & Manufacturing | Screen printer | 8 | $15,162 |
| Healthcare | Chiropractor | 6 | $7,398 |
| Construction & Landscaping | Window washing | 6 | $7,217 |
Get in touch with representatives from both myMonson and 3P Risk Strategies by filling out this form below.
✔ Executive summary and narrative to support ERTC claims, including contemporaneous documentation
✔ 2019, 2020 & 2021 financial review and gross receipts test
✔ Detailed executive summary and supporting arguments of the client’s business segment(s) to identify partially or fully suspended conditions due to COVID-19 related to government orders
✔ Qualified wage computations analyzing the use of PPP funds for payment of employee wages to optimize the number of wages qualifying for the employee retention tax credit (ERTC) while preserving PPP forgiveness
✔ Completion of all federal tax forms and additional supporting documentation as required
✔ Full audit support of periods analyzed
