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CTI is committed to building strong relationships within the IPPA vendor partner network to develop a successful and mutually beneficial collaboration between all parties involved. Partnering with CTI ensures you’re staying competitive with greater tax savings for your clients.
The Employee Retention Credit (ERC) is a refundable payroll tax credit intended to assist businesses impacted by the COVID-19.
The Employee Retention Credit (ERC) is a refundable payroll tax credit intended to assist businesses impacted by the COVID-19 pandemic. The ERC is available to employers, including tax-exempt and certain government organizations that satisfy either of the following:
The ERC can be worth up to $21,000 per employee for the period January 1, 2021 – September 30, 2021, only recovery start-up business can qualify for fourth quarter 2021 . The credit is calculated quarterly provided the employer satisfies eligibility requirements.
The ERC may be claimed on an employer’s amended quarterly employment tax return. All quarterly amendment filings for payroll originally filed by Justworks’ PEO must be processed through Justworks. We will work with you on claiming credits for payroll filed outside of Justworks’ platform.