Mathew Yates - Head of Sales

Phone: 206-802-1413

Email: mathewyates@bottomlinesavings.com

Latest Tax Incentive

Employee Retention Credit

Funds and time are limited to claim the new COVID-19 Employee Retention Tax Credit Program. Businesses that were affected by the Pandemic qualify. Even if you got PPP Funds!

Up to $26,000 per Employee is available in Cash Refunds for 2020/2021

How It Works: Watch our videos below to understand more about the ERC Program,

and how we can help your business.

Bottom Line In The News

Watch This Important Video

Our team of CPAs, Attorneys, and experts process your ERC fast, safe, and at no upfront cost.


About The ERC Program

What is the Employee Retention Credit (ERC)?

ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.


Established by the CARES Act in 2020, it is a refundable tax credit – a grant, not a loan – that you can claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.

  • Up to $26,000 per employee


  • Available for 2020 and the first 3 quarters of 2021


  • Qualify with decreased revenue or COVID event


  • No limit on funding


  • ERC is a refundable tax credit (cash on hand to use for your business)

How Much Money Can You Get Back?

You can claim up to $5,000 per employee for 2020.

For 2021, the credit can be up to $7,000 per employee per quarter.


How do you know if your business is eligible?

To qualify, your business must have been negatively impacted in either of the following ways:

  • A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings.


  • Gross receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.


  • A business can be eligible for one quarter and not another.


  • Initially, under the CARES Act of 2020, businesses were not able to qualify for the ERC if they had already received a Paycheck Protection Program (PPP) loan. With new legislation in 2021, employers are now eligible for both programs. The ERC, though, cannot apply to the same wages as the ones for PPP.

Why Us?

The ERC underwent several changes and has many technical details, including how

to determine qualified wages, which employees are eligible, and more.

Your business’ specific case might require more intensive review and analysis.

The program is complex and might leave you with many unanswered questions.


You only get one chance to file for ERC. Leaving your application in the hands of someone who is not an expert can result in rejection, fines, audits, and other penalties.


In our experience we have found that due to the complexity (the ERC tax code is over 200 pages) and time investment necessary to understand the ERC program, very few are able to effectively maximize this sizeable credit for your business.


We can help make sense of it all. Our dedicated experts will guide you and outline the steps you need to take so you can maximize the claim for your business.


We retain some of the most knowledgeable CPAs and Attorneys that understand the finest details of the Program, and how to maximize the credits our clients get, while avoiding rejection of the Program, fines, audits or penalties of any kind.


Not all companies helping businesses receive their ERC are created equal. Not all of them know how to "Maximize" the credit they can get you, but more importantly, the significant problems that can come by doing it wrong. WHO you work with matters.


** NO UPFRONT FEES. 100% CONTINGENT ON RECOVERED FUNDS.

Tax Savings Examples

Thousands of employers from a myriad of industries have benefited from Bottom Line Savings' services, and we look forward to helping you maximize your ERC.

Client Example

Dental Laboratory

Annual Revenue: $7 Million

Q1, Q2, Q3 - 2021 ERC Qualifications


  • Drop in revenue
  • Impacted by social distancing
  • Unable to fully staff lab due to spatial restrictions

Total ERC Refund: $230,000

Client Example

Manufacturing

Annual Revenue: $23 Million

Q1 - 2021 ERC Qualifications


  • Supply chain issues
  • Reduction in capacity due to social distancing.
  • Partial shutdown of operations

Total ERC Refund: $982,000

Client Example

Construction

Annual Revenue: $92.7 Million

Q1, Q3 - 2021 ERC Qualifications


  • Severe supply chain issues
  • Social distancing restrictions
  • Faced revenue loss as large clients cancelled their accounts.

Total ERC Refund:

$2.5 Million

Ready To Get Started?

3 Simple Steps.

1. Upload your documents to our private share file, our Team of CPAs will analyze the data and calculate your ERC Refund.


2. We'll prepare & audit all the documentation, and help you file your Form 941x amended returns.


3. You'll receive a check directly from the IRS. Apply for ERC Today!


DO YOU QUALIFY?

Answer a few simple questions.

Frequently Asked Questions (FAQs)

Do I have to pay ERC money back?

No. ERC is not a loan, there is no repayment for the money you receive. You do not have to use the money for anything specifically. ERC is a refund from the government that has to do with all of the money you have paid as an employer on payroll/healthcare wages, salaries, and taxes.

Do we still qualify if we already took the PPP?

Yes. Even if you took advantage of PPP 1 and 2 and both were forgiven, you can still qualify for ERC refund credits as the law has been changed through the American Rescue Plan

Can my CPA file? Why would I use Bottom Line Savings?

Yes you can. The biggest challenge is that the Employee Retention Credit is taken on your "Payroll Returns", and not through your "business income tax returns" which is what most CPAs handle. Due to this, most CPAs won't process this credit, or do not know how, unless they process your payroll in-house. This is also the reason why the ERC is extremely underutilized. CPAs are tax experts not payroll tax experts, which is why this has fallen for the most part on deaf ears. Very few CPAs are able to effectively process the credit. We have hundreds of CPAs that refer their clients to us.


Bottom Line Savings is the #1 Team of ERC Specialists in the Country. We have in-house CPAs and Attorneys that filing the Employee Retention Credit and form 941x for our clients is all they do. We have over 6,000+ clients, and have retained over $2,000,000,000+ Billion in credits. We're growing by 80+ businesses a day.


You only get one chance to file for ERC. Leaving your application in the hands of someone who is not an expert can result in rejection, fines, audits, and other penalties.


In our experience we have found that due to the complexity (the ERC tax code is over 200 pages) and time investment necessary to understand the ERC program, very few are able to effectively maximize this sizeable credit for your business.

Do we still qualify if we did not incur a 20% decline in gross receipts?

Your business qualifies for the ERC, if it falls under one of the following:


A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings.

Gross receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.

Do we still qualify if we remained open during the pandemic?

Yes. To qualify, your business must meet either one of the following criteria:


Experienced a decline in gross receipts by 20%, or

Had to change business operations due to government orders

Many items are considered as changes in business operations, including shifts in job roles and the purchase of extra protective equipment. The ERC, in this case, also applies only for Q3 and Q4 of 2021.

We work with businesses that have 5+ W2 employees. This does not include yourself or immediate family.

I have 1099 employees, do I qualify?

No, this program applies to W2 payroll taxes paid. The IRS has also stipulated that spouses and children of owners paid on W2 also do not qualify for the program.

My business doubled in revenue, do I still qualify?

Yes, even though your revenue has tripled, you can still qualify for ERC.

How long does this process take?

As long as you can get us the documents we need (941s, any PPP bank notes, etc) we can have your ERC application filed within a week. As far as funding, we have seen our clients receive their money within a few weeks, others could take a few months

Tell me again, why should I work with you guys?

You only get one chance to file for ERC. Leaving your application in the hands of someone who is not an expert can result in rejection, fines, audits, and other penalties.


In our experience we have found that due to the complexity (the ERC tax code is over 200 pages) and time investment necessary to understand the ERC program, very few are able to effectively maximize this sizeable credit for your business.

Here are some IRS Frequently Asked Questions

Government Aid, a division of Bottom Line Concepts, assists clients with various forms of financial relief, particularly, the Employee Retention Credit Program.



About Bottom Line Concepts

Founded in 2009, Bottom Line is North America’s leading Contingency-based cost consulting firm. We have worked with more than 7,000 clients and have successfully brought billions of dollars in savings since inception.


Our new division Government Aid will make sure you’re taking the right next steps and maximizing your ERC claim for your business.


Interested in finding out more, or have any questions for us?


Contact Us Today