The ERTC (Employee Retention Tax Credit) is available in 2020 and 2021 to virtually all restaurants.

It is a powerful FULLY REFUNDABLE credit on payroll taxes you have already paid.  This means you will be getting an electronic deposit into your account similar to the PPP.

It maxes out at $5,000 per employee for 2020 and $14,000 per employee for 2021.

To date, Kallas has obtained over $15 Million in credits for our clients averaging $64,626 per location.

Kallas is currently working on the 2020 credits and will start on the 2021 credits shortly.

ERTC is based on payroll that was NOT PAID BY PPP FUNDS.  And for most restaurants, the credits expire July 1 2021.  So we are advising clients to maximize the credit; use your PPP funds to cover payroll costs after July 1 if you can.  Remember, you have 24 weeks from when you received the PPP funds in your bank account, to spend them – so be careful you do not go beyond the 24 weeks when you make your payroll expenditures.