What is the ERC Tax Credit Deadline?
January 13, 2023
The Employee Retention Credit, also known as the ERC or ERTC, is a fully refundable payroll tax credit that businesses can claim on qualified wages paid to their employees if they kept staff on their payroll despite significant setbacks during the height of the COVID-19 pandemic. Even though it’s for quarterly payroll tax filings from 2020 and 2021, there is still a chance you and your business may be eligible to claim this credit – as long as you do so before the ERC tax credit deadline.
If you continued to employ W2 staff at your business, even during that precarious financial period in the midst of the pandemic, you may qualify for this credit and could receive up to $26,000 per employee.
But there is limited time to apply for it, and with everything else you have to do as a small business owner, getting the help of a team like the one at Phillips Law Group to handle it for you may not be a bad idea.
There are a few deadlines for filing an ERC claim based on your past quarterly payroll tax filings:
- For all quarters in 2020, the deadline to apply for the ERC is April 15, 2024.
- For all quarters in 2021, the deadline is April 15, 2025.
Businesses can take a look at their payroll tax filings for those periods and determine if wages paid after March 12, 2020 through the end of the program are eligible and whether business owners should apply for the ERC.
Phillips Law Group can help you claim the tax incentives your business is entitled to, including the ERC. Our experienced and skilled legal professionals are ready to help and to give you the best chance at getting the highest potential tax credit refund for your business.
Give us a call today – before the ERC tax credit deadline comes and goes.
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Liz was great
Phillips law group has an amazing staff and i recommend them to everyone.
Working at Phillips Law Group has been a blessing from the beginning for me and I am extremely thankful to work for a firm that values their employees so much. Here I believe we are a huge family of hard working people that can bring a sense of comfort to our client’s lives in times of hardships, stress and chaos. From intake to Settlement we strive to provide the best customer care to all of our wonderful clients. With a 4.8 rating and over 1100+ star reviews on Google no surprise our firm is extremely well known for the quality of work we do!! #teamPLG!!
Kathy Hudson and Donato Giovanatto. Continues to go above and beyond the call of duty. Reaching out to the insurance company about the damage to the vehicle. Forcing them to take responsibility.
Working at Phillips Law Group has been great the 1st few years in I noticed how well organized and run this Firm was from Intake to Settlement the Client has the expertise of a staff member uniquely qualified for the particular stage of each Clients claim and all other Law firms try to emulate what we do here but none quite get it right because they lack one major component “Compassion”. We are a FAMILY not just a group of people/employees. We care deeply about each other and our clients’ we are considerate, compassionate and make sure that all our Clients’ needs are met from beginning to end. That’s because we treat our clients just like we treat each other. Nothing like walking through the office and saying Hello to fellow employees who always seem to be smiling. 16yrs in and it only seems to be getting better.
Phillips law group is the best around!
Jasmine Delgado is an amazing paralegal. She was patient, kind and extremely knowledgeable. Highly recommend Phillips law group
Two family members were in a bad wreck a couple of years ago, and as a result called Phillips Law to represent them. Montana Thompson was the attorney assigned to the case with the help of Nemo Farr as legal assistant. Mr. Thompson litigated a very generous settlement for both my stepdaughter and her son. Because my grandson is a minor, I decided to act as conservator for him to ensure the settlement was safe and secure. Montana helped with that process, but it was Nemo who went way above and beyond the call in finding a financial institution to use for the restricted account. There were some glitches in that process but Nemo helped navigate them with a calm expertise which belies his age. I would consider them both great representatives of the level of commitment to their clients and assets to their firm.
I would like to send special thanks to Phillips Law Group for giving me the opportunity to be a part of the Best Law Firm here in the Valley. During these troubling times with the epidemic, Phillips Law Group has masterfully created this family-like environment while still maintaining a professional and business-like approach for all their clients. Thru impeccable leadership that is unmatched by other law firms to the Multi-diverse employment opportunities that many employees advance within the firm; Phillips Law Group has not only distanced themselves from all other competition in the Personal Injury field but also has innovatively changed the narrative of being a great law institution. From providing Employee Appreciation Day to celebrating all major Holiday including great competitive contests; Phillips Law Group has the total participation of all employees to help contribute to the continued success of this firm. So in closing I would like to thank Senior Administration (Jeffery Phillips, Eva Chiaramonte, and Tim Tonkin) along with all of my colleagues and many friends for help making Phillips Law Group a unique and wonderful place to call my place of employment for 6+ years.