UNA - The ERC—Are you leaving money on the table?
When the CARES Act was rolled out in March 2020, there were TWO main COVID relief options for nonprofits. One was the PPP Loan (you would have needed to live under a rock to have not heard about this) and the other was the ERC Tax Credits (this credit can be worth up to $33,000 per employee!). Join UNA and TacPockets to learn more about securing this credit for your nonprofit.
With recent federal enhancements and eligibility changes, nonprofits through the state may now be eligible for the ERC Credit. Even if you received a PPP loan that has now been forgiven, you will likely still qualify.
ERC Credit has been around since March 2020, but didn't really pick up steam until 2021. This is due to a series of amendments that make this credit both richer and easier to qualify for. It also makes it wickedly complex to get right and get the most out of this credit.
Well worth the trouble, this credit can be worth up to $33,000 per employee. Qualification can be based on either periods where government orders more than nominally restricted your business operations OR periods where revenues declined when compared to 2019.
It is time to act; there is no cost to determine your ERC eligibility. Not all groups qualify, but it may be worth thousands of dollars in ERC cash back to your nonprofit.
Learn more about this credit below
*UNA will receive 15% in revenue sharing from nonprofits who utilize TaxPockets services.
To find out if you are eligible to receive thousands of dollars. Some important pieces to note:
This is not a loan, it is a refundable tax credit. There is no repayment.
This credit is based on payroll and payroll tax.
Who Should Attend?
CEO’s, Executive Directors, Accountants/CFO’s, Board Chairs/Presidents