The Employee Retention Tax Credit (ERTC) is a relief program for employers from the federal government. Originally, employers could not apply for both the PPP (Paycheck Protection Program) and the ERTC, so most nonprofits chose PPP.
But that's the old news! Now, receiving a PPP loan does NOT affect your ability to qualify for the ERTC.
If your nonprofit experienced a reduction in quarterly gross receipts or had to modify operations due to various COVID-related regulations, you may be eligible for up to $33,000 per employee. That quickly adds up!
And as a result of nonprofit advocacy, this is a payroll tax credit, which nonprofits and for-profits both pay – so it's a victory for nonprofits to have the benefit structured this way.
This is a quick, 45-minute look at whether your organization qualifies, about how much money you may be able to claim, and the next steps you should take in applying. It won't be a comprehensive step-by-step guide, but you'll know the basics of whether and how you should move forward.
NOTE: THIS WEBINAR WILL BE RECORDED. REGISTER TO RECEIVE THE LINK (EVEN IF YOU CANNOT ATTEND LIVE.)