More Info. Regarding Employee Retention Credit

Hopefully, every agency has at least looked into the Employee Retention Credit, a refundable credit that businesses can claim on qualified wages, including certain health insurance costs, paid to employees. If not, you should!

The ERC can be a complex credit, especially if you want to get all that you can out of it, but there are a number of businesses structured to help. HHAC does not vouch for nor endorse any particular tax consulting or service group, but we have been approached by several re: the ERC.

Many of the businesses will charge 10% - 20% to assist you with the credit, but we have found one business, roundpeg, that only charges 6% of monies that are actually recovered (they do not charge their fee until you obtain the credit). Plus, they do a free analysis of your situation. Contact Kris Sanford at [email protected] or m: 801-678-3635. 

NAHC also recently announced a partnership with ERC Today (see erctoday.com). NAHC members receive a 20% discount on the company's normal fees - posted below: 

Client Credit                               Deposit          Fee %

$0 - $50,000.00                            $1,000            15% 

$50,000.01 - $250,000.00            $2,500            15%

$250,000.01 - $500,000.00          $5,000            15% 

$500,000.01 - $1,000,000.00       $7,500            10% 

$1,000,000.01  and up                $10,000           7.5% 

See https://www.irs.gov/newsroom/new-law-extends-covid-tax-credit-for-employers-who-keep-workers-on-payroll to learn more.