Shell Consulting Group, LLC
Employee Retention Credit & Business Advisors
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What is the Employee Retention Credit?
The ERC is a fully refundable payroll tax credit available to eligible employers for qualified wages paid during eligible quarters. The amount of the credit varies drastically, and there are many important factors to keep in mind when applying for the credit. Ultimately, eligibility is based on the facts and circumstances of each individual client and not every business qualifies.
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The ERC is a cash influx from the Treasury Department and is administered by the Internal Revenue Service. It is not a loan and there are no stipulations on how to spend the funds.
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Read the updated IRS guidance below:
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0-1
days
Tell us about your business, details, details, details!
0-7
days
Help us document your covid related impact, every client is different.
15-45
days
Complete the application & documentation process, we'll help you get to the finish line!
180-365+
days
The IRS is working hard to get ERC claims processed, most are processed within six months however some can take up to 12+ months. PEO clients should anticipate extended delays.