Can I qualify if I’m a 1099 contractor?

Unfortunately, no. This program is only for companies who paid W2 wages to non-owners.

Can I qualify if I don’t have any W2 employees?

Unfortunately, no. This program is only for companies who paid W2 wages to non-owners.

Can I qualify for ERC when I got a PPP loan?

Yes! There are multiple quarters you can qualify for, even if you got a PPP loan. Unfortunately, you can’t use the same covered time period that you used for PPP, which might reduce your ERC amount, but you can most definitely qualify for ERC.

What if my revenue went up in 2020 or 2021? Can I still qualify?

Yes! It’s called the “Employee Retention” credit, not the “Revenue Reduction” credit. It’s intended to help out the businesses that kept people employed during the hard times of the pandemic, so you can qualify even if your revenue went up. You’ll need to qualify using one of the other qualification checks though – shutdowns/mandates or supply chain disruption.

How long is the ERC program open for?

For most businesses, this will be open into 2024 (unless they change the rules again). It’s open as long as you can file amended 941-X returns, which is the later of 3 years from the date you filed your original return, or 2 years from the date you paid the payroll tax.

What if I have bad credit? Is there a credit check involved?

It doesn’t matter because this is not a loan – it’s a tax credit. There are no credit checks, collateral, or personal guarantees required.

Can I qualify for ERC if my business is now closed?

Yes, there is a possibility. It depends on when the business closed.

What documents do I need to send you?

To complete your tax credit, we’ll work with you and your CPA to get the following documents: Payroll Journals outlining all payments, deductions, contributions, and taxes for each employee for each paycheck during your ERC eligibility period, Filed 941, 943, or 944 payroll reports, Profit and Loss Statements (P&Ls) for 2020 and 2021, Tax returns for 2020 and 2021, PPP Loan Forgiveness Application (if applicable).

Do I need to repay the tax credit?

Nope! There is nothing to repay with a tax credit. This is not a loan.

How long does it take to get my credit?

We are generally telling clients between 5-14 months. We take a few weeks to do the work, and the IRS is variable in how long it’s taking to process, but we’re seeing in the 5-14 month range.

When will the ERC funds run out?

There is no limit on the funds to this program. Some estimate the government may pay nearly $1 trillion.

What if I have back taxes on my account with the IRS?

If you owe back taxes on your account, the IRS will deduct the amount you owe in back taxes from the credit amount, and will pay you the difference.

Is the ERC credit taxable?

The ERC credit is not actually considered taxable income for federal tax purposes. But what it might do is reduce your company’s deductible wage expenses by the tax credit amount, which will most likely increase your net profit, and therefore what you pay taxes on. Please provide the credit to your CPA or tax preparer for what to do.

Will I get in trouble with the IRS for filing?

Absolutely not! The IRS created this program and doubled-down on making it easier and more lucrative for businesses, so they really want you to file and use it.

Privacy Policy

This “Privacy Policy” describes the privacy practices of ERCLegalExperts operated by PFMC Holdings Inc. In addition, this Privacy Policy describes your rights and choices with respect to the Personal Information we collect.

We collect personal information as described below. Note, we provide through our voice and messaging platforms and other Services. This Privacy Policy does not apply to such personal information that we process on behalf of our business customers. Our use of this personal information is restricted by our agreements with those business customers. If you have concerns regarding personal information that we process on behalf of a business, please review their privacy policy and direct your concerns to that business, or review their privacy policy.

Table of Contents

Personal Information We Collect
How We Use Your Personal Information
How We Share Your Personal Information
Your Choices
Other Sites and Services
Security Practices
International Data Transfers
Children
Changes to this Privacy Policy
How to Contact Us

Personal Information We Collect

Information you provide to us. Personal information you provide to us through the Service or otherwise includes:

Business and personal contact information, such as your first and last name, email and mailing addresses, phone number, professional title and company name.
Profile information, such as your username and password that you may set to establish an online account with us.
Registration information, such as information that may be related to a service or an event you register for.
Feedback or correspondence, such as information you provide when you contact us with questions, feedback, or otherwise correspond with us online.
Precise geolocation information, such as when you authorize us to access your location.
Transaction information, such as information about payments to and from you and other details of products or services you have purchased from us.
Usage information, such as any content you upload to the Service or otherwise submit to us, including information you provide when you use any interactive features of the Service.
Marketing information, such as your preferences for receiving communications about our activities, events, and publications, and details about how you engage with our communications.
Other information that we may collect which is not specifically listed here, but which we will use in accordance with this Privacy Policy or as otherwise disclosed at the time of collection.

Information we obtain from social media platforms. We may maintain pages for our Company on social media platforms, such as, LinkedIn, Twitter, Google, YouTube, Instagram, and other third-party platforms. When you visit or interact with our pages on those platforms, the platform provider’s privacy policy will apply to your interactions and their collection, use and processing of your personal information. You or the platforms may provide us with information through the platform, and we will treat such information in accordance with this Privacy Policy.

A list of our sub-processors and nature of processing can be requested by contacting [email protected]

Referrals

Users of the Service may have the opportunity to refer friends or other contacts to us. If you are an existing user, you may only submit a referral if you have permission to provide the referral’s contact information to us so that we may contact them.

How We Use Your Personal Information

We use your personal information for the following purposes and as otherwise described in this Privacy Policy or at the time of collection:

To operate the Service. We use your personal information to:

provide, operate and improve the Service;
provide information about our products and services;
establish and maintain your user profile on the Service;
communicate with you about the Service, including by sending you announcements, updates, security alerts, and support and administrative messages;
communicate with you about events or contests in which you participate;
understand your needs and interests, and personalize your experience with the Service and our communications;
provide support and maintenance for the Service; and
respond to your requests, questions and feedback.

For research and development. We analyze use of the Service to analyze and improve the Service and to develop new products and services, including by studying user demographics and use of the Service.

To comply with law. We use your personal information as necessary or appropriate to comply with applicable laws, lawful requests, and legal processes, such as responding to subpoenas or requests from government authorities.

For compliance, fraud prevention, and safety. We may use your personal information and disclose it to law enforcement, government authorities, and private parties as we believe necessary or appropriate to: (a) protect our, your or others’ rights, privacy, safety or property (including by making and defending legal claims); (b) enforce the terms and conditions that govern the Service; and (c) protect, investigate and deter against fraudulent, harmful, unauthorized, unethical or illegal activity.

With your consent. In some cases we may specifically ask for your consent to collect, use or share your personal information, such as when required by law.

To create anonymous, aggregated or de-identified data. We may create anonymous, aggregated or de-identified data from your personal information and other individuals whose personal information we collect. We make personal information into anonymous, aggregated or de-identified data by removing information that makes the data personally identifiable to you. We may use this anonymous, aggregated or de-identified data and share it with third parties for our lawful business purposes, including to analyze and improve the Service and promote our business.

How We Share Your Personal Information

We do not share your personal information with third parties without your consent, except in the following circumstances or as described in this Privacy Policy:

Professional advisors. We may disclose your personal information to professional advisors, such as lawyers, bankers, auditors and insurers, where necessary in the course of the professional services that they render to us.

For compliance, fraud prevention and safety. We may share your personal information for the compliance, fraud prevention and safety purposes described above.

Business transfers. We may sell, transfer or otherwise share some or all of our business or assets, including your personal information, in connection with a business transaction (or potential business transaction) such as a corporate divestiture, merger, consolidation, acquisition, reorganization or sale of assets, or in the event of bankruptcy or dissolution.

Your Choices

In this section, we describe the rights and choices available to all users.

Access or Update Your Information. If you have registered for an account with us, you may review and update certain personal information in your account profile by logging into the account.

Opt-out of marketing communications. You may opt-out of marketing-related emails by following the opt-out or unsubscribe instructions at the bottom of the email, or by contacting us at [email protected]. You may continue to receive service-related and other non-marketing emails.

Cookies. Most browser settings let you delete and reject cookies placed by websites. Many browsers accept cookies by default until you change your settings. If you do not accept cookies, you may not be able to use all functionality of the Service and it may not work properly. For more information about cookies, including how to see what cookies have been set on your browser and how to manage and delete them, visit https://www.allaboutcookies.org. We use Google Analytics to help us understand user activity on the Service. You can learn more about Google Analytics cookies at https://developers.google.com/analytics/devguides/collection/analyticsjs/cookie-usage and about how Google protects your data at https://policies.google.com/privacy. You can prevent the use of Google Analytics relating to your use of the Service by downloading and installing a browser plugin available at https://tools.google.com/dlpage/gaoptout.

Advertising choices. You can limit use of your information for interest-based advertising by:

Browser settings. Blocking third-party cookies in your browser settings.
Privacy browsers/plug-ins. By using privacy browsers or ad-blocking browser plug-ins that let you block tracking technologies.
Platform settings. Google offers opt-out features that let you opt-out of use of your information for interest-based advertising:
- Google: https://adssettings.google.com
Ad industry tools. Opting out of interest-based ads from companies participating in the following industry opt-out programs:
- Network Advertising Initiative: https://optout.networkadvertising.org
- Digital Advertising Alliance: https://optout.aboutads.info
- AppChoices mobile app, available at https://www.youradchoices.com/appchoices, will allow you to opt out of interest-based mobile app ads served by participating members of the Digital Advertising Alliance.

You will need to apply these opt-out settings on each device from which you wish to opt-out.

Do Not Track. Some Internet browsers may be configured to send “Do Not Track” signals to the online services that you visit. We currently do not respond to “Do Not Track” or similar signals. To find out more about “Do Not Track,” please visit https://www.allaboutdnt.com.

Choosing not to share your personal information. Where we are required by law to collect your personal information, or where we need your personal information in order to provide the Service to you, if you do not provide this information when requested (or you later ask to delete it), we may not be able to provide you with our services. We will tell you what information you must provide to receive the Service by designating it as required at the time of collection or through other appropriate means.

Security Practices

The security of your personal information is important to us. We employ a number of organizational, technical and physical safeguards designed to protect the personal information we collect. However, security risk is inherent in all internet and information technologies and we cannot guarantee the security of your personal information. Email, in particular, is an insecure way to transmit personal information. Please take special care regarding what information you send to us via email.

Children

The Service is not directed to, and we do not knowingly collect personal information from, anyone under the age of 18. If a parent or guardian becomes aware that his or her child has provided us with information without their consent, he or she should contact us. We will delete such information from our files as soon as reasonably practicable. We encourage parents with concerns to contact us.

Changes to this Privacy Policy

We reserve the right to modify this Privacy Policy at any time. If we make material changes to this Privacy Policy, we will notify you by updating the date of this Privacy Policy and posting it on the Service. We may, and if required by law, will also provide notification of changes in another way that we believe is reasonably likely to reach you, such as via e-mail (if you have an account where we have your contact information) or another manner through the Service.

Any modifications to this Privacy Policy will be effective upon our posting the new terms and/or upon implementation of the new changes on the Service (or as otherwise indicated at the time of posting). In all cases, your continued use of the Service after the posting of any modified Privacy Policy indicates your acceptance of the terms of the modified Privacy Policy.

How to Contact Us

If you would like to exercise your rights under this Policy, please submit your request to: [email protected]

Please direct any questions or comments about this Policy or privacy practices to [email protected]. You may also write to us via postal mail at:

PFMC Holdings Inc

2289 Yukon Crescent, Burnaby, V5C 0B2