In this podcast, the hosts introduce the Employee Retention Credit (ERC), which is a program that allows small business owners to receive tax credits for retaining employees during the pandemic. The hosts share that one person made $50,000 on one ERC deal, and emphasizes the potential for making a fortune with this program while helping small business owners.
Our guest is Dave Walke, and we cover various topics related to the ERC, including the types of businesses that qualify, the extended filing timeframe, and the differences between PPP and ERC. The hosts also discuss the limitations of ERC and the steps needed to remain in compliance, including the types of documentation required.
Additionally, the podcast addresses some common misconceptions about the ERC program. We talk about how partial shutdowns can affect eligibility for the ERC and offers advice for those interested in participating in the program.
Finally, the podcast addresses whether non-profits qualify for the ERC. Overall, the podcast provides a comprehensive overview of the ERC and offers valuable information for those interested in learning more about this program.