Register for our Live Webinar on Tuesday, May 25 2021 at 12PM CT to Learn How Nonprofits Qualify for Thousands of Dollars in COVID Relief Through This Payroll Tax Incentive
The Employee Retention Credit (ERC) is a payroll tax incentive developed to reward employers, including 501(c)(3)’s, for keeping employees on payroll during the pandemic. alliantgroup has worked closely with decision makers in Washington on this nationwide effort to help the U.S. economy not only recover from the pandemic, but to come back stronger than before.
The Employee Retention Credit is one of the most lucrative incentives included in the $1.9 trillion COVID-relief bill for nonprofits. ERC can provide even more relief than the Paycheck Protection Program (PPP).
In our webinar you’ll learn:
- How nonprofits qualify for the Employee Retention Credit
- How much your organization can receive
- How this credit interacts with PPP, SVOG and other programs
- Deadlines and the claiming process
About the Presenters
Rick Lazio is a former U.S. Representative from New York serving in Congress from 1993-2001. He sponsored the successful Small Business Tax Fairness Act. Rick is committed supporting small to mid-sized businesses by providing his insight and experience in the public and private sectors to provide incentives for job growth.
Steven Miller is alliantgroups’s National Director of Tax and spent the last 25 years with the IRS. He served as former IRS Acting Commissioner in 2012, but prior to that Steven served for several years as the Deputy Commissioner for Services and Enforcement, leading all IRS enforcement and service activity. As the Commissioner of the Tax Exempt and Government Entities Division, he supervised the IRS oversight of governments, tax exempt entities and retirement programs.
Casey Curry joined alliantgroup as the company’s Director of Corporate Citizenship. As a meteorologist by trade and media personality based in Houston, you may have seen Casey on FOX, ABC and NBC, as well as the guest meteorologist on the weekend edition of Good Morning America in New York City.
Recent IRS guidance has made clear that ERC is available to 501(c)(3)’s and businesses alike. If you were affected by government-mandated shutdowns—at the federal, state, and local level—then you likely qualify for ERC.
For example, a science and technology center that had to cancel in-person events or a food bank that had to transition to delivery would both be great candidates for the ERC.
Other impacts that could qualify your organization for the Employee Retention Credit include:
- Full or partial shutdowns
- Stopping programming (like cancelling performances or in-person events)
- Paying employees who are not able to work
- Vendor disruptions
- Reduced hours of operation
- Changing hours to sanitize your facility
- And more
The ERC has gone through significant updates, so even if you and your advisor have reviewed ERC before, we encourage you to take another look with one of our specialists to uncover all qualifying activities and wages that will maximize your benefit and refund.
Yes, this credit can be claimed alongside other relief options, including Paycheck Protection Program (PPP) and the Shuttered Venue Operators Grant (SVOG). Our team of experts will work with you to identify what expenses should be allocated across these programs to ensure you maximize the amount of relief your organization receives.
The ERC is currently one of the largest refundable tax credits available and can deliver thousands of dollars in credits per employee each quarter. Our nonprofit clients have seen credits up to 5x more than the size of their PPP loan. Your organization can also receive a cash refund if there’s any amount leftover after your tax obligation is reduced to zero.
Here is an actual case study from a recent nonprofit client.
A few of their qualifying disruptions included:
– Fully or partially suspended operations due to government order
– Limited commerce, travel, and meetings due to COVID-19
– Reduced hours for sanitation
Yes, nonprofits are still eligible for the Employee Retention Credit even if they work with a PEO. Our specialists are familiar with this staffing structure and can help guide you through the nuances.
With alliantgroup, there is an easy 3-step enrollment process:
1. A risk-free, no-cost assessment
2. Certification of qualified projects
3. Delivery of your comprehensive study
We are actively working with nonprofit organizations to help them claim this lucrative tax break before each quarterly deadline. Our close ties with industry experts and IRS commissioners allow us to streamline the application processes for our clients.
Call us at (844) 524-0077 or fill out our contact form below to get started now.
alliantgroup is headquartered in Houston, TX and has helped 18,000 businesses claim over $10 billion in tax credits so they can grow their business and employ more Americans.
- With over 1,000 technical experts across 50 industries, including attorneys, PhD’s, accountants, architects, engineers, software developers, and scientists we can truly partner with your team.
- We are guided by experts involved in creating and enforcing the U.S. tax code such as former IRS commissioners and lawmakers on our Strategic Advisory Board.
- Our experts ensure your tax credits are 100% IRS compliant, but in the event of an audit alliantgroup will defend your R&D study at no cost.