What is the Employee Retention Credit?
The Employee Retention Tax Credit (ERC) is a refundable tax credit designed to reward business owners for retaining employees throughout the COVID-19 pandemic. The Employee Retention Credit is available to both small- and mid-sized businesses. It was signed into law on March 27, 2020, as part of the CARES Act. The bill was significantly expanded in 2021.
Business owners impacted by COVID-19 can claim up to $5,000 in refundable tax credits for each employee on their payroll in 2020 and up to a $7,000 credit per quarter for each employee in 2021.
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The best way to see if your company could be eligible is to
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Filing for Employee Retention Credit
How it works
Step 1. Complete Qualification Form
Our simple intake form will only take a few minutes to complete. Based on the information you submit, we will be able to determine whether or not you are likely to qualify.
Step 2. Submit Information to Our Team
Once your likely eligibility is determined, our team will request documentation through a painless digital process. We then conduct a more detailed assessment of eligibility free of charge and obligation.
Step 3. Complete application, collect your refund
Our experts package the final paperwork ready for submission to the government. No additional work is required on your part. Just send in the documents and cash the checks.
What’s the Dominion difference?
Full Audit Support
As a CPA firm we are able to represent clients before the IRS in the event of an inspection. As part of our work, we provide full audit support as part of every filing so you can rest easy knowing there will be no surprises once your claim is filed.
Are you a tax professional? Click here to learn how we work as a 3rd party provider for other CPAs to streamline the ERC process for their clients.
Expertise
Our team has advanced expertise in credit and advanced taxation issues. We understand and account for interactions with other tax credits commonly claimed (WOTC, R&D Tax Credits, PPP funds) to ensure an accurate filing.
Process
We provide an automated process that is quality controlled and reviewed by our licensed CPAs before filing your claim.
A Fast Turnaround Time
We will process your claim within two weeks from the time we receive your documents.
Testimonials
We had a seamless experience working with Catherine and the Dominion Team for our Employee Retention Credit claim. They were so efficient and professional that the process was very painless for us, and we couldn’t be more grateful for their willingness to research our claim to ensure we’ll be fine if there’s ever an IRS audit. I’ve already recommended several other businesses I know to work with Dominion and wouldn’t hesitate to recommend the experience to anyone interested in this credit. The credit itself will completely change our business, and we can’t thank the DES team enough for their work to get it for us.
Max Becher
Farmivore