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The Employee Retention Credit (ERC)

  • completefundingco
  • Mar 10, 2023
  • 2 min read

Updated: Mar 10, 2023







Small business owners understand that employee retention can be a major challenge. The costs of onboarding, training and managing a new employee can be significant. When businesses lose an employee, they not only lose a valuable asset but they also incur costs associated with their departure. Employee Retention Tax Refund (ERTR) is an innovative way for small businesses to offset those costs.


At Complete Funding Co, we understand that one of the biggest challenges for small businesses is cash flow and, in particular, how to pay for unexpected costs that come up in the course of business. Employee Retention Tax Refunds (ERTRs) can help small businesses manage those costs, allowing them to retain employees and remain competitive in their industry.


ERTRs are federal tax credits designed to encourage businesses to retain their employees and avoid layoffs during times of economic distress. The credit is equal to 50% of the wages paid to employees between March 13, 2020 and December 31, 2020. The maximum credit allowed is $5,000 per employee, and the total credit is capped at $5,000 per quarter per employer.


By utilizing the ERTR, small businesses can reduce their tax burden as well as the costs associated with hiring and onboarding new employees. This allows them to focus their resources on other needs of their business and increase their competitive advantage.


At Complete Funding Co, we specialize in helping small businesses take advantage of the ERTR program. Our team of experienced professionals can help you determine if you qualify for the program and how to take full advantage of it. We can help you quickly and easily complete the necessary paperwork and answer any questions you may have. We can also help you receive your ERTR funds faster than other providers, ensuring you can put them to work for your business as soon as possible.


Let Complete Funding Co help your business today. Our experienced team of professionals can help you quickly understand and apply for the ERTR program. We understand the value of getting the ERTR funds for your business and we’ll help you get them faster than other providers. Let us help you make the most of the ERTR program and benefit your business.


Complete Funding Co offers comprehensive business services that include ERTRs and other Financial Services. Contact us today to learn more about how our team of professionals can help your business. We understand that small businesses need access to the necessary funding and resources to remain competitive and help their employees. We can help you get the most out of the ERTR program and make sure you have the resources to succeed. Contact Complete Funding Co today to learn more about how we can help your business.


Send us a message to get this started for you today.


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