A payroll tax refund of up to $26,000 per employee may be available for your business
SouthState Bank has partnered with SmartBiz® and Ready Capital®, trusted, competitively priced, ERC-focused tax consultants, to help businesses navigate the ERC filing process with ease.
Apply NowWhat is ERC?
The ERC is a payroll tax refund for 2020 and certain periods of 2021 born out of the same government program as the Paycheck Protection Program (PPP).
If your business experienced operating restrictions or a decline in total receipts in 2020 and/or 2021, but you retained your employees, SmartBiz may be able to help you secure up to $26,000 per employee with Ready Capital, our trusted partner.*
Your business may be able to claim an ERC even if you received PPP funding.
Eligible businesses include those which have:
Been in business for 2 or more years
A minimum of two (2) employees
Sustained a full or partial suspension of operations due to orders from a governmental authority during 2020 or the first three quarters of 2021
Experienced a significant decline in gross receipts during the same time period
Qualified as a recovery startup business for the third or fourth quarters of 2021
For frequently asked questions, please visit the IRS website.
