The Employee Retention Credit (ERC) is a fully refundable payroll tax credit for employers. It’s worth up to $5,000 per employee in 2020, and up to $21,000 per employee in 2021.
Your ministry can seek this credit in both 2020 and 2021, even if you obtained a Paycheck Protection Program (PPP) loan, as long as the same wages are not used for both.
If you’re confident you qualify, we can help you avoid mistakes and get your maximum
Employee Retention Credit.
We’ll complete the necessary IRS forms on your behalf – all you have to do is sign and file.
Or better yet, if you’re a MinistryWorks customer, we’ll take care of the filing too!
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Pastors and other clergy are exempt from federal payroll taxes (FICA). Since employers pay no taxes on their behalf, clergy may not be counted when calculating the Employee Retention Credit.
If you qualify, you can seek the credit for your part-time, non-clergy staff.
Employers who borrowed PPP funds are also able to seek the ERC. However, any PPP loan proceeds used to cover payroll expenses cannot be included as "eligible wages" to calculate the ERC.
There is no IRS application. You can claim the credit on IRS Form 941. For 2020, you may file an amended return: IRS Form 941-X. MinistryWorks can help you do that.
No. We can help you obtain the ERC, even if you work with a different payroll provider or process payroll in-house.
If MinistryWorks is your payroll provider, we can file the IRS forms needed for you to obtain the credit. If you’re not yet a MinistryWorks client, we'll complete the IRS forms on your behalf. Then, we’ll send them to you to sign and file.
We charge just 5% of the tax credit you receive, up to $7,500 per qualifying year. After an initial $250 fee, you will be billed for the balance after you receive the credit.
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