Small and medium sized businesses were impacted hardest by COVID-19.

The ERC was developed to encourage businesses owners to retain employees during the pandemic.

Eligible employers can receive up to $26,000 per employee through this Payroll tax credit.

Due to the pandemic Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help small and medium sizes businesses. The Employee Retention Credit (ERC) is a special section specifically intended for businesses like yours.

American Rescue Plan Act – 2021-The credit remains at 70% of qualified wages up to a $10,000 limit per quarter so a maximum of $7,000 per employee per quarter. So, an employer could claim $7,000 per quarter per employee or up to $21,000 for 2021. The passage of the Infrastructure Investment and Jobs Act changed the end date of the program for most businesses to Sept. 30, 2021. However, Recovery Startup Businesses are still eligible for ERC through the end of the year. A Recovery Startup Business is one that started after Feb. 15, 2020 and, in general, had an average of $1 million or less in gross receipts. They could be eligible to take a credit of up to $50,000 for the third and fourth quarters of 2021.

Consolidated Appropriations Act – 2021
Employers who qualify, including PPP recipients, can claim a credit against 70% of qualified wages paid. Additionally, the amount of wages that qualifies for the credit is now $10,000 per employee per quarter for the first two quarters of 2021.

Can I get both the ERC and PPP Loan?

Yes. While an employer may not include wages funded by a PPP loan in the ERC calculation, PPP funds only apply to eight to ten weeks of wage expenses. The ERC eligibility periods are longer. PPP loans can also fund non-wage expenses.
For ERC purposes.
PPP funding may be allocated to wages that would not generate any ERC (e.g., to owners of the company or to wages in excess of $10,000 in one of the four ERC credit-generating periods).

Welcome to Reindeer Consultants! We are committed to protecting your privacy and ensuring that you have a positive experience on our website. This privacy policy explains how we collect, use, and share information about you when you use our website and services.

Information We Collect:

• Personal information: When you create an account or contact us through our website, we may ask you to provide personal information such as your name, email address, and phone number.
• Usage data: We collect information about how you use our website, such as the pages you visit and the actions you take.
• Device data: We may collect information about the device you use to access our website, such as the device's IP address, browser type, and operating system.

How We Use Your Information:

• To provide and improve our services: We use your information to deliver and maintain our website and services, and to continually improve and enhance your experience.
• To communicate with you: We may use your personal information to respond to your inquiries or to send you updates and news about our services.
• To comply with legal obligations: We may use your information to comply with legal requirements, such as responding to a subpoena or court order.

How We Share Your Information:

• With service providers: We may share your information with third-party service providers who help us deliver and maintain our website and services.
• With legal authorities: We may disclose your information to legal authorities in response to a valid request or legal process.
• In other cases: We may share your information in other cases with your consent or as required by law.

Data Security:

We take reasonable steps to protect your information from unauthorized access or disclosure. However, no website or internet transmission is completely secure, so we cannot guarantee the security of your information.

Changes to This Privacy Policy:
We may update this privacy policy from time to time. If we make any material changes, we will post the updated policy on this page and update the effective date. We encourage you to review this policy regularly to stay informed about our privacy practices.

Contact Us:
If you have any questions or concerns about our privacy policy, please contact us.
Last updated: December, 2022

No Professional Advice, Client Relationship, or Reliance on Information. Please note that any information or content on our Website, or any forms or tools on our Website which allow you to submit information or make calculations, and your use thereof, are not intended to provide any kind of professional advice, consultation or service, including but not limited to, legal, accounting, tax, or business advice. Nor does any such information, content, forms, or tools, or your use thereof or reliance thereon, create or constitute an attorney/client, accountant/client, or consultant/client relationship. You should therefore not use our Website or reliance on any information, content, forms, or tools on our Website as a substitute for any kind of professional advice. Rather, you should consult with a licensed professional for any accounting or tax questions you may have. You agree that we will not be liable to you or to any third party to the extent you treat or consider any information, content, forms, or tools on our Website as constituting any kind of professional advice. The information and content, including but not limited to forms and tools, presented on or made available through our Website are made available solely for general information purposes. We, therefore, do not warrant the accuracy, completeness or usefulness of any such information, content, forms, or tools, and any reliance you place on the same is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to our Website, or by anyone who may be informed of any of its content. Our Website provides illustrative lists of services that we provide. Nothing contained on our Website shall be construed as an offer or guarantee to provide any particular services to you, nor shall anything on our Website be construed as a direct solicitation for employment by any persons, companies, or organizations. Prior results we have obtained for others do not guarantee a similar outcome. By submitting the application, Applicant attests to the accuracy and truthfulness of its answers to the questions on this Website as well as any additional information Applicant included, all of which shall be relied upon by Reindeer in creating and/or submitting any claim for the ERC on behalf of the Applicant.