FAQs

FAQs2022-05-26T18:49:45-07:00
For ERTC eligibility, does the company need to calculate full‐time equivalents or just the total of all full‐time employees and exclude part‐time employees?2022-05-26T18:56:45-07:00

For ERTC, unlike PPP, the employee threshold is determined by looking at full‐time employees rather than full‐time equivalents. A full‐time employee, in this case, is defined as someone working an average of 30 hours per week or 130 hours per month.

What medical benefits can we include for ERTC?2022-05-26T18:57:22-07:00

Health care costs that employers pay on behalf of their employees to provide and maintain a group health plan can be included as eligible costs for determining the credit to maximize the refund.

If my revenue went up during 2020 and 2021, I don’t qualify.2022-05-26T18:53:06-07:00

Wrong; you may qualify based on other criteria the IRS released in a technical notice. As incentive professionals, we will use every opportunity to qualify you for the refunds.

When will we receive the ETP training grants?2016-03-01T07:59:26-08:00

The ETP grants are performance-based and must be earned per the terms of the ETP Agreement. Payments are made at three points;

25% after an employee receives 8 hours of training
50% after employee completes training
25% after the employee meets retention requirements

How is the amount of ETP reimbursement determined?2016-02-29T07:57:26-08:00

Reimbursements are calculated on an hourly basis. For each employee training hour, employers can receive reimbursements of $15-$26 per training hour. Hourly rates vary based on business size and industry. Computer-based training is always paid at $8/hr.

Which employers qualify for the ETP grants?2016-02-26T07:57:01-08:00

ETP funds training to for-profit employers that are subject to the Unemployment Insurance Tax. Current priority industry for the Panel include, manufacturing, biotech/life science, IT services, media/entertainment, goods movement and transportation logistics, agriculture, healthcare, construction, and green technologies.

How is the WOTC claimed?2016-02-25T08:02:13-08:00

Taxable employers claim the WOTC as a general business credit on Form 3800 against their income tax. The WOTC is calculated using Form 5884.

How much is the WOTC?2016-02-24T08:01:52-08:00

The WOTC is based on the hours worked and wages paid to qualified employees. Credits can range from a few hundred dollars per employee up to almost $10,000 per qualified employee.

How does an employer qualify for the WOTC?2016-02-23T08:01:33-08:00

An employer must hire an employee who is certified as being a member of a targeted group. For tax-exempt organizations, the WOTC may only be claimed for qualified veterans.

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