Were your practice collections down more than 20% during any of the first three calendar quarters of 2021 compared to the same quarter in 2019? If so, you likely qualify for the Employee Retention Credit (ERC) that can generate tax-free cash for your practice.

Congress created the fully refundable Employee Retention Credit (ERC) as part of the CARES Act in March of 2020. This payroll tax credit was designed to encourage practices to retain employees during the COVID-19 economic hardship. Unfortunately, we’re seeing many practices that qualify for the ERC in 2021, but haven’t yet claimed it, leaving thousands of dollars in tax credits and related refunds on the table as a result.

Tax Benefits For 2021

Most doctors don’t understand that the ERC benefits were increased and liberalized for 2021, compared to 2020. For 2021, you’ll qualify if your...