Employee Retention Tax Credit

ERTC Outreach Flyer

Understanding the Employee Retention Tax Credit

Navigating the array of information about ERC can be difficult, that is why Building Business Back (BBB) staff is here to help you navigate the process and answer your questions.

BBB has partnered with the William and Stephanie Foundation and idea<Driver to help businesses in Monterey County benefit from this opportunity. Our partners have a proven record of helping businesses succeed. 

Checklist of What You’ll Need

  1. Quarterly Profit & Loss Statements from 1st Quarter of 2019 through 3rd Quarter of 2021.
  2. Payroll Records for 2020 and 2021 (Family members do not qualify, please make note of any employees that are family members or owners in your payroll records)
  3. Tax Form 941 from the 1st Quarter of 2019 through the 3rd Quater of 2021.
    1. PPP Info*
    2. Healthcare Info*

*If you received a PPP loan, you are able to claim BOTH PPP and ERC credits which means we can help maximize the amount you get back IF you received a PPP loan. If you provided any additional healthcare assistance to your employees aside from the assistance required by the State of California, you can also receive tax credits for that as well. If you did not receive a PPP loan or did not provide additional healthcare assistance, you do not have to provide anything else.

BBB hosted a workshop with California State Treasurer Fiona Ma regarding ERC. View it here.

Contact us to verify if your business qualifies!

(831) 216-3000


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