Save Up To $26K Per Employee With ERC For Startups

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How it Works

 You can now complete your employee retention tax credit claim in half the time without sacrificing the quality of the analysis and the reporting that supports it.

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Why TaxRobot?

Employee Retention Tax Credit Experts

TaxRobot was founded by subject matter experts with experience running an R&D and Employee Retention tax advisory firm delivering millions of dollars to hundreds of clients nation-wide.

Audit Defense

We don’t make excuses – we stand behind our work. In the event of an audit, we’ll step in to handle questions and respond to requests.

Value-Based Pricing

We don’t get paid unless you do. If you don’t receive a tax credit, we don’t charge a fee.

Bigger Refunds

Our expertise allows us to identify benefit where others fail to. Our clients have seen up to 3X the amount of tax credit compared with competing consultants and software products.

Save Time

We value your time. Let our algorithms do the heavy lifting so you can get back to what you do best – running your business.

Superior Documentation

Our audit-proof paperwork satisfies all statutory and IRS-recommended reporting requirements.

Employee Retention
Tax Credit FAQs

1. Your trade or business was fully or partially suspended or had to reduce business hours due to a government order. The credit applies for the portion of the quarter the business is suspended, not the entire quarter.

2. Your trade or business had a significant decline in gross receipts.

2020: if gross receipts in a calendar quarter are below 50% of gross receipts when compared to the same calendar quarter in 2019, your business will qualify.

2021: if gross receipts in a calendar quarter are below 20% of gross receipts when compared to the same calendar quarter in 2019, your business will qualify.

3. Recovery Startup Business: if your business started after February 15th, 2020, had annual gross receipts that are less than $1 million

2020: The credit is equal to 50% of qualified wages (maximum of $10,000 for the year) paid between March 13 and December 31. This means you can claim up to $5,000 per employee. 2021:  The credit is equal to 70% of qualified wages (maximum of $10,000 for each quarter). This means you can receive up to $7,000 per employee per QUARTER.
Wages paid to employees and amounts paid by an employer to provide and maintain a group health plan.
You can still claim the Employee Retention Tax Credit! However, any wages paid with the PPP loan are not qualified wages. However, the rest of the wages paid to employees can still be considered qualified wages.
No, you can still qualify even if you experienced a significant drop in revenue compared to 2019. A significant drop in revenue in 2020 means any quarter with a greater than 50% decline in revenue compared with the same quarter in 2019. A significant drop in revenue in 2021 means any quarter with a greater than 20% decline in revenue compared with the same quarter in 2019.
If you own multiple businesses, these businesses may be members of a controlled group. This means revenue and employees from all businesses must be aggregated while determining eligibility. Contact us if you own multiple businesses to see if you qualify under the more strict rules.
You may claim the Employee Retention Tax Credit by amending your Form 941s (employment tax returns). Note that you may need to amend your 2020 tax return if it did not include the wage disallowance for a 2020 ERTC claim.
Yes, wages paid to part-time employees qualify for the ERTC, despite the fact that they are not utilized for determining whether you are a small or large employer.

The wages of any majority owner (greater than 50% ownership) do not qualify for the ERTC. Additionally, any related individual’s wages with the following relationships do not qualify for the ERTC:

  1. A child or a descendant of a child.
  2. A brother, sister, stepbrother, or stepsister.
  3. The father or mother, or an ancestor of either.
  4. A stepfather or stepmother.
  5. A niece or nephew.
  6. An aunt or uncle.
  7. A son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or
  8. An individual (other than a spouse, determined without regard to section 7703 ,
    of the taxpayer) who, for the taxable year of the taxpayer, has the same
    principal place of abode as the taxpayer and is a member of the taxpayer’s

Per the American Rescue Plan Act, a business that opened its doors during the pandemic can receive the credit. Your startup may be eligible if you meet the following criteria. 

  • You started your business on or after February 15, 2020.
  • Your annual gross receipts don’t exceed $1 million for the individual 2020 and 2021 tax years.
  • You have one or more W2 employees, not including owner-operators or family members.

In addition, if you purchased an existing business that was in operation on or before February 15, 2020, you may or may not be considered a recovery startup business. It all depends on your unique circumstances. 

We Make The Employee Retention Tax Credit For Startups Simple.

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