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Employee
Retention
Tax Credit

The Employee Retention Tax Credit provided needed relief for businesses hard-hit by the COVID-19 pandemic. Although the eligibility requirements are complex, qualified businesses can claim a quarterly payroll tax credit of up to $7,000 per employee.

Accelerate Recovery

Are you taking full advantage of Federal COVID-19 relief programs? MGO can help determine eligibility, manage claims, and maintain compliance. Ask us how.

Insight and Guidance

Created as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), additional recovery legislation has extended and expanded the Employee Retention Tax Credit (ERTC). Eligibility, amount, and availability of the credit depends on many factors, and there is significant confusion in the marketplace about who qualifies.

MGO’s dedicated team of CPAs and advisors focuses on navigating applications, negotiating forgiveness terms, and demonstrating eligibility for federal aid packages. We look at your finances holistically to help determine eligibility, claim credits (proactively or retroactively), and assist with regulatory compliance related to the combination of all aid programs.

Our ERTC services include:
• ERTC Assessment
• ERTC Filing Support
• ERTC Compliance Support

What You Need to Know

Who can claim the ERTC?

In general, if your company has 500 or fewer
employees, you can qualify.

Recovery Startup Businesses (RSB) and Severely Financially Distressed Employers may also qualify.

Can you claim the ERTC if you’ve received Paycheck Protection Program (PPP) loans?

Yes, but only under certain conditions. Work with a professional to ensure your PPP loan forgiveness does not contradict your ERTC claims.

Will the IRS be examining ERTC claims?

The IRS has extended the statute of limitations on assessing credit claims to five years. That suggests auditors will be taking a close look at companies claiming the credit.

How We Can Help

ERTC Assessment

We help you identify qualifying employees and wages so you can determine the value of your ERTC claim.

ERTC Filing Support

You focus on your business’ recovery; we’ll file the appropriate tax forms so your finances quickly reflect the ERTC.

Compliance Support

We help you draft appropriate documentation to support your positions and establish your basis for ERTC qualification.

Ideas & Insights

Insights for a changing world

Clear, actionable insights are often the key to staying ahead of the competition – mitigating risks, maximizing operational performance, fueling sustainable growth.

Discover what our thought leaders are saying about the topics our clients care about most.

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How can we help you get back on track?

Every day we are working with businesses, non-profits, state and local government agencies, and other organizations to effectively recover from the COVID-19 pandemic.

How can we help you?