Employee Retention Credits (ERC) Referral Agents Needed NOW!!

The Employee Retention Credit (ERC) has proved to be one of the most effective tax policies in supporting small and medium sized businesses and tax-exempt entities during the pandemic. The ERC offers up to $7,000 per employee per quarter in refundable tax relief for the first three quarters of 2021, with a reduced benefit for 2020.

However, despite IRS management estimating that approximately 70%-80% of small and medium sized businesses and tens of thousands of charities are good candidates for taking the ERC, the actual number of applications received to date is far below that. Small and medium sized businesses, as well as tax-exempt charities, may be leaving billions of dollars on the table due to a lack of understanding of this tax benefit.

In addition, many employers may not realize that legislation created three tests to qualify for the ERC: The Either—Or Tests

1.)    Either a significant decline in gross receipts

2.)     Or; a Full shutdown

3.)     Or, a Partial shutdown

The reduction in revenues or having a more than nominal impact due to federal, state, local government, or regulatory COVID orders. Some also incorrectly believe that the ERC is only for entities in distress, when in fact, it was designed to encourage businesses and charities to retain and hire employees.

The ERC is suitable for a broad range of businesses, including restaurants, manufacturing, construction, food industry, healthcare, and charities such as churches, museums, food kitchens, and schools. The lack of knowledge among business owners could lead to unclaimed funds worth multiplied thousands of dollars for their business.

A referral agent is a person who refers potential clients or customers to a business or service. They act as a middleman between the business and the potential customer, bringing together parties who may not have found each other otherwise.

Referral agents receive a very handsome commission for a successful referral, in the form of a percentage of the amount the employer is awarded in ERC funds.

In the case of this article, becoming a referral agent would involve referring small and medium-sized businesses and tax-exempt entities to a national CPA firm specializing in the amended filings of the employer’s 941 forms for the 2020 and 2021 quarters in which they were affected.

Therefore, as a "Referral Agent," you can receive very lucrative commissions for referring these business owners after they are awarded the ERC funds.

For more information on how to become a "Referral Agent," visit my profile page here on the Gateway. You can also visit and scroll through http://www.ERCinfusion.com to view our employer-facing website which does all the explaining to the employer of how the program works and how they can qualify.

There is no cost to join our growing team of referral agents and we offer extensive training on the subject matter. To register as a Referral Agent, go to  http://referralagent.ercinfusion.com  There are no special licenses required so, you should check out the possibilities today.