Employee retention credit (ERC) solutions
Employee retention credit (ERC) solutions
Baker Tilly can help you navigate the extended ERC
The extended and expanded employee retention credit (ERC) from the Consolidated Appropriations Act (CAA) could have significant benefits for you and your business. However, the regulations surrounding the ERC tend to be fact specific and tedious. Baker Tilly has put together a set of comprehensive resources available to assist businesses that are considering taking advantage of the ERC.
New guidance is being released regularly. Contact our ERC specialists to learn if you qualify for the ERC or visit our relief portal to get started.
ERC relief portal: Streamline and maximize your ERC opportunities
Let us help you file your ERC, assemble and apply for PPP loan forgiveness or both with our proprietary relief portal designed to maximize the benefits from each program.
ERC repealed early by bipartisan infrastructure act
The employee retention credit provided temporary relief for employers who continued to pay their workers despite COVID-19-related disruptions, but with most restrictions for businesses easing, the ERC no longer seemed necessary and its termination was included in the recently passed $1.2 trillion bipartisan infrastructure act.
ERC flowchart
Employee retention credits as updated by the Consolidated Appropriations Act, 2021 (CAA)
The CAA made several significant employer-friendly changes to the ERC and have effectively created two separate versions of the credit, one for 2020 and another for 2021. We have developed a flowchart that outlines the differences between the two and guidance on how to determine eligibility.
Additional ERC resources
IRS guidance on early ERC repeal and penalty relief
The IRS published guidance concerning the recently announced early – and retroactive – repeal of the employee retention credit (ERC).
IRS issues additional ERC guidance
IRS Notice 2021-49 addresses changes made to the employee retention credit (ERC) by the American Rescue Plan Act of 2021 (ARPA) applicable to 2020 and 2021.
Coronavirus benefit coordination matrix
Understand Coronavirus benefit and relief programs, who is eligible and how the benefits coordinate with other programs.
Updates to the employee retention credit
View this on-demand webinar with Baker Tilly tax professionals for an overview on changes to the employee retention credit (ERC) and what it could mean for you and your business.
Updates to employee retention credit present significant opportunities for employers
The latest round of COVID-19 relief extends and expands the employee retention credit, creating retroactive and prospective changes for employers.
For more information or to learn how Baker Tilly specialists can help, reach out to your Baker Tilly advisor or contact our team.