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Employee Retention Credit
Snap Financial is dedicated to help you take advantage of this new COVID-19 employee retention credit. See if you qualify.
Get up to $26,000 per employee in cash refunds for 2020 & 2021
- Receive up to $26,000 per employee
- Our team handles the whole process
- Massive payouts
What is the Employee Retention Credit (ERC)?
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The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. Eligible employers can get immediate access to the credit by reducing employment tax deposits they are otherwise required to make. Also, if the employer's employment tax deposits are not sufficient to cover the credit, the employer may get an advance payment from the IRS.
Business owners who have been impacted by COVID-19 may claim this refundable tax credit for each employee retained from March 12, 2020 through September 30, 2021.
Who qualifies for the Employee Retention Credit?
See if any of the following apply to you!
A significant decline in gross receipts
- Decrease in sales or sales volume
- Decrease in profits
- Decrease in annual revenue
Full or partial suspension of operation
- Decrease in visitations to establishment
- Reduced operation and/or partial shutdown of services
- Reduce hours of operation
Retained Employees from 2020 - 2021
- Retained Employees during partial shutdown
- Continued paying employees throughout the pandemic
- Submitted W-2s for tax years 2020-2021
ERC Examples
Hundreds of companies have already benefited
from our ERC program
Frequently Asked Questions
We are updating the system to show the status of each application.
Pay periods will be automated more information coming soon.
Before the end of August. Become a Manager and help 3 new personal recruits become Manager. Qualifications can be found on the compensation plan found in the back office.
Compression means if I am under you at level 1 and my sister is under me on your level 2 and I don't do 100 in Personal Commissionable Volume then both me and my sister are at your level 1. I don't take up a level.
The new compensation plan will soon be available in the back office.
Check out what our clients have to say
Garrett Hagan
Owner at Twisted Tuna.
Kenny Gibbs
Owner at Firefin Grill
Giorgio Shiavone
Owner at Jupiter Prestige Tanning.I can't believe the amount of money Snap Financial helped us claim. This will help expedite growth in our business and lead to better development. I would recommend any business owner who struggled to keep afloat during the pandemic to reach out to Snap Financial immediately. We don't know how long this tax credit will last. So jump on board, and jump on board quick .
Garrett Hagan
Owner at Twisted Tuna My business suffered during the pandemic and I was struggling to pay wages, although I did have to make some changes I was still able to operate and was able to continue paying my employees. You have no idea how happy I was to hear that I will be compensated for continuing to operate during shutdowns. Thank you Snap Financial! You have helped me in such a tremendous way.
Kenny Gibbs
Owner at Firefin Grill You know come to think of it the $2000 refundable retainer fee is completely worth it. I got back $56,000 for my tanning salon and I cant believe this opportunity came up. I happened to find Snap Financial through one of their helpful representatives who communicated with me often to see how things were going with my application. If another opportunity arises to work with Snap Financial again in the future I would definitely do so.
Giorgio Schiavone
Owner at Jupiter Prestige Tanning Ready to take the first step in getting the massive bonus you deserve?
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