Engineering companies can claim up to $26,000 per employee
Here are some ways to qualify:
- Unable to access client sites
- Inability to work with vendors
- Supply chain disruptions
- Reduce hours of operations
- Full or partial shutdowns of facilities/departments
- Shift in hours due to COVID-19 precautions
- Switch to remote work
Estimate how much your company
is entitled to below!
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Real Results from Real Clients
Industrial Process Engineering Consultants
Qualified Under: Revenue decline
No. of Employees: 14
Credits Earned
Construction Engineering Consultants
Qualified Under: Jobsite restrictions
No. of Employees: 70
Credits Earned
Why Engineering Companies Choose alliantgroup
The Employee Retention Credit (ERC) is what it sounds like— It’s a government incentive that gives engineering companies refunds for keeping employees on payroll over the past two years, despite the pandemic. The ERC is intended to help U.S. businesses recover from the impacts of Covid-19 and come back stronger than before.
Hear what this client has to say about working with alliantgroup:
How to Qualify
The ERC has gone through significant updates, so even if you or your advisor have reviewed this credit before, we encourage you to take another look with one of our specialists. Unfortunately, the program is not yet living up to its full potential because many business owners are prematurely disqualifying themselves due to misinformation and rumors about who does or doesn’t qualify.
The overarching theme for businesses to focus on is how the coronavirus pandemic impacted our economy as a whole…so even if your business grew or was deemed an essential business during the pandemic, there are more qualifying factors to look at before you disqualify yourself.
This payroll tax credit is available to essential and non-essential businesses in any industry who endured the effects of the pandemic. Government orders—on federal, state, and local levels—are a major factor that many business owners had to adapt to over the last year and a half. Examples of affected businesses include a restaurant that could not let customers dine indoors or a manufacturer that had to slow their operations due to new health and safety restrictions.
Here are some impacts to consider that qualify your business for the Employee Retention Credit:
- Full shutdowns
- Partial shutdowns
- Interrupted operations
- Supply chain interruptions
- Inability to access equipment
- Limited capacity to operate
- Inability to work with your vendors
- Reduction in services or goods offered to your customers
- Cut down in your hours of operation
- Shifting hours to increase sanitation of your facility
WHITEPAPER
The Most Valuable Covid-19 Business Relief Tool for Engineering Companies
Claim up to $26,000 per employee with the ERC tax credit!
Schedule a free consultation with our team of experts to learn more.
We’ll discuss your eligibility and help estimate your potential tax benefit.
