Get Your Church or Nonprofit Free Money via Tax Credit

The lesser-known Employee Retention Credit, a government-sponsored stimulus program, is designed to help nonprofits and businesses that retained their employees during the COVID-19 pandemic in 2020-2021. This stimulus program was established by the CARES Act. It is a refundable tax credit that’s yours to claim. The program is based on qualified wages and healthcare paid to employees.

If your church, nonprofit, or company has more than 5 employees (W2 employees, not 1099 contractors), you can work with Bottom Line Concepts, a 3rd-party advisor that makes it easier to walk through the refund process with the IRS. They are a one-stop-shop from start to finish. This advisor has done this process for over 7,000 customers and recovered over $2 billion in refunds.

Here are some important points to consider for your church, nonprofit or business:

  • If nonprofits and companies received PPP, they still qualify for ERC.
  • ERC refunds on average $10,000 per employee, for those that received PPP, but can be as high as $26,000 per employee!
  • Nonprofits and companies don’t have to prove loss of revenue; operational impacts qualify as well.
  • Bottom Line is assisting nonprofits and companies recover taxes and wages they have already paid on their W2 employees.

The potential return is HUGE and worth a short 15-minute call to confirm if you qualify. Schedule a call with Bottom Line Concepts for their ERC program—there’s no up-front costs and no risk to check them out.

Background on the US government’s ERC program

Extra Tips about ERC

If your church didn’t experience a significant decline in gross receipts during 2020 or 2021, you could still qualify for the ERC. Many churches have qualified not because of a loss of revenue but because they qualified due to government mandates that partially or fully restrict their operation.

[Disclosure: DJ Chuang would receive a referral fee only if your church, nonprofit, or company receives an ERC tax credit through Bottom Line Concept’s advisory program.]

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