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Tax Experts Since 2008

ERC for Massachusetts

Did your Massachusetts business face lean times thanks to the pandemic during the 2020 or 2021 tax year? In order to provide financial relief, the Employee Retention Tax Credit (ERC) was created. If you qualify, your business could earn up to $21,000 per employee through this refundable tax credit. 

Five Star ERC Experts is one of the most reputable firms in the industry, and we have a team of certified tax attorneys and tax consultants in the state of Massachusetts ready to help you apply. If you are ready to apply, call our Massachusetts ERC consultants to get started or book using the button below.

Boston

Does Massachusetts Allow the Employee Retention Credit?

Massachusetts businesses really felt the impact of the pandemic. Declines in tourism, colleges going remote, and government shutdowns led hotels, restaurants, and other businesses to experience a significant decline in gross receipts. 

 

Businesses in Boston, Springfield, Worcester, and Quincy were hit especially hard due to high populations leading to stricter lockdowns and regulations.

Massachusetts ERC Filing Services

Looking for an ERC firm that has experience with Massachusetts businesses? Five Star ERC Experts consists of a team of experienced tax attorneys and tax consultants certified right here in the Commonwealth of Massachusetts. Businesses of all types can apply for the ERC tax credit using one of our experienced tax consultants no matter where in the state you are located.

 

Our ERC consultants work with businesses in both Eastern and Western Massachusetts in every major city and all towns including: 

  • Boston

  • Cambridge

  • Springfield

  • Quincy

  • Brockton

  • Worcester

  • Newton

  • Lowell

  • Newton

Book an ERC specialist today to apply for the ERC tax credit and get in line with the IRS faster.

Massachusetts Eligibility for the Employee Retention Credit

Massachusetts businesses must use qualified wages to apply for the ERC tax credit. To be eligible, businesses must not have over 100 employees for the 2020 tax year and over 500 for the 2021 tax year.

 

If your Massachusetts business experienced a government mandated shutdown, a decline in gross receipts over 50%, or paid qualified wages to W-2 employees during the 2020 or 2021 tax year, you may be eligible to receive a credit.

Is the ERC Tax Credit Taxable for Massachusetts?

The ERC tax credit does not count towards income tax in Massachusetts. Businesses who earn over the amount they owed in taxes for that calendar year will receive the rest as a refund. This refunded amount will not be taxed on that year’s tax return if your business is located in the Commonwealth of Massachusetts.

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