The pandemic has taken a toll on small to mid-sized businesses across the country. At Celero, we want your business to succeed and reach its full potential. We’ve been consistently in search of solutions for companies, to help them survive what is still a difficult time for many.
While the Payment Protection Program (PPP) funds have been depleted, Celero has paired with Adesso Capital to provide real solutions for small businesses. We are excited to provide companies with the expanded Employment Retention Credit (ERC).
What is the ERC Program
The ERC was created as a federal incentive to keep employees on the payroll. Your business could qualify for up to $26,000 per W2 employee, with the opportunity for an additional $7,000 by the end of the year.
Even if you’ve received PPP funding, your company can still take advantage of this incredible opportunity. Another advantage to this program is that the money you receive is not a loan. Meaning, you can decide how to use the money to help your business grow.
Who Is Eligible
Employers are eligible to receive the credit if they have experienced the full or partial suspension of the operation of their trade or business during any calendar quarter due to governmental orders limiting commerce, travel, or group meetings due to COVID-19, or a significant decline in gross receipts.
We’ve partnered with Addesso Capital to make the filing process simple and easy. Not only will Adesso Capital handle the processing of your tax credit, the company will also maximize the money you receive.
How the ERC Helps Small Businesses
The ERC is a great option to help small businesses find more solid footing and we're excited to help you along the way. Small businesses have been hit hard, not only in terms of their revenue, but also in their ability to compete with larger companies for talented employees. The new tax credit offered by the government enables small businesses to pay competitive wages and attract and retain great employees.
Celero and our partners are here to help small businesses stand strong within a competitive market. The ERC is a vital resource for our small businesses to survive and grow.
Contact us today to learn more about the ERC program for Celero merchants, powered by Adesso Capital.