Has the ERC been terminated?

We have a few updates for you.

Hi, Esther. Though discussions have begun in The Senate to end the program, it has not yet been terminated. But time is of the essence. Since the CARES Act introduced the Employee Retention Credit (ERC) in 2020 as a relief measure for eligible employers (to include schools, churches, and non-profits), there have been many changes.    Heritage Consulting carefully follows these subsequent amendments and expansion of the ERC to ensure that already overwhelmed employers can come to us for a streamlined experience in making the most of this credit.   Significantly, the ERC is not a loan or a grant,—it is the Federal Government incentivizing employee retention by providing direct payments to an eligible employer based on the payments made to the retained employees. The amount at stake is considerable—up to $26,000 per W2 employee when accounting for the maximum allowable amounts during 2020 and 2021.   We urge you to act quickly and responsibly so that eligible employers do not miss out on much needed relief via the Employee Retention Credit.   You contact us at 602-644-1733 or you can fill out our brief Contact Form at www.erc-facts.org to schedule a confidential consultation with our CPA (not a sales rep). Sincerely, Heritage Consulting

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