Today we are excited to welcome Hawley Woods Gray, a PINNACLE Member, to the eWomenNetwork blog as our guest writer. This is a really important announcement from her that may be a game changer for your business, but you’ve got to act fast as the deadline for The Employee Retention Tax Credit is fast approaching!
Ladies, this is your wake-up call! The Employee Retention Tax Credit (ERC) is a golden opportunity for business owners to claim up to $21,000 per employee in refundable tax credits. But here’s the deal—the deadline to file is April 15, 2025! The ERC is only available for 2021 wages and applies to businesses impacted by COVID-19 with 500 or fewer W-2 employees in Quarters 1 through 3 of 2021.
For businesses in our eWomenNetwork community, this is a game-changing chance to recapture funds that can be reinvested into scaling your business. But don’t procrastinate—our team requires you to complete the ERC questionnaire by April 7, 2025, to ensure we can process everything in time. Every day you wait is money you could be leaving on the table!
What is the Employee Retention Tax Credit (ERC)?
The ERC is a refundable tax credit designed to reward businesses that kept employees on payroll during the COVID-19 pandemic. Even if your company received a PPP loan, you may still qualify!
The best part? Both established and newer businesses qualify! The Recovery Startup Business provision specifically helps businesses that launched after February 15, 2020, and had gross receipts under $1,000,000. These businesses may be eligible for up to $50,000 per quarter in ERC benefits—meaning they could receive up to $100,000 in refunds!
Does Your Business Qualify?
To qualify for the ERC, businesses must meet at least one of the following criteria:
Full or Partial Suspension of Operations – If your business faced government-mandated shutdowns, supply chain disruptions, or capacity restrictions, you may qualify for the ERC. These disruptions include forced closures, reduced operating hours, or social distancing requirements that significantly impacted your ability to operate.
Significant Decline in Gross Receipts – Your business saw a 50% drop in revenue in 2020 compared to the same quarter in 2019, or a 20% drop in 2021 compared to the same quarter in 2019.
Recovery Startup Businesses – If you started your business in 2020 or 2021 and had less than $1 million in annual gross receipts, you may qualify for up to $100,000 in refunds.
Success Stories from eWomenNetwork Members
Our eWomenNetwork sisters are securing their ERC refunds and making incredible transformations in their businesses. Here are just a few of our women's success stories:
Texas: A restaurant owner received over $1.65 million in ERC funds—allowing her to open a second location and donate to a tornado relief fund.
Virginia: Recently qualified for over $300,000, which will give her the financial flexibility to scale her business.
California: Another entrepreneur has just started receiving checks totaling over $150,000, proving that the ERC is still paying out qualified claims.
Nevada: Another success story, a business secured $75K to help her transition from closing her old business to launching a new one in 2024!
You Must Submit Your ERC Questionnaire by April 7, 2025!
The IRS deadline to claim your ERC is April 15, 2025, but don’t wait until the last minute! To guarantee your claim is processed, you must complete your ERC questionnaire by April 7, 2025. Start today! Visit this link to see if you qualify!
Common ERC Myths—Debunked!
Myth 1: “I already received PPP, so I don’t qualify.”
Fact: You can qualify for the ERC even if you received PPP loans.
Myth 2: “My revenue didn’t drop enough.”
Fact: Your business may still qualify based on government restrictions, supply chain issues, and operational interruptions.
How to Get Started: Your Next Steps
In business, we see three types of entrepreneurs: the DIYers who love to figure things out on their own, the guided go-getters who thrive with expert support, and the in-betweeners—those who start solo but soon realize a helping hand makes all the difference. Regardless of your category, the first step is filling out this questionnaire. If you'd like personalized guidance or a one-on-one consultation, we're here to help every step of the way!
Here is the link to our calendar: Schedule a Call, or email me at hwoods@appreciationfinancial.com.
Step 1: Complete the ERC Questionnaire by April 7, 2025 using this link. This is your first step toward securing your refund!
Step 2: Gather Your Business Documentation. Our team will guide you through collecting the necessary payroll records and financial statements.
Step 3: File Before April 15, 2025. Once everything is in place, we’ll ensure your application is submitted on time so you can get your ERC refund.
Don’t Leave Money on the Table—Act Now!
The Employee Retention Tax Credit has been a game-changer for so many women entrepreneurs—now it’s your turn!
Final Reminder: To guarantee your ERC submission, complete your questionnaire by April 7, 2025 at this link.
Let’s get you the funds you deserve—contact us today!
Hawley Woods Gray is Founder of Women of Wealth and Managing Vice President of Appreciation Financial. Hawley Woods Gray helps business owners protect their assets and maximize financial opportunities through strategic insurance solutions and tax credits. She specializes in life insurance, retirement planning, and leveraging tax incentives to improve cash flow. With a passion for educating entrepreneurs, Hawley equips them with the tools to safeguard their businesses, optimize profits, and build lasting wealth while taking advantage of financial programs designed to fuel growth.
Are you looking for a community of women business owners who are committed to growth and staying motivated all year long?
Join eWomenNetwork, the #1 Business Community for Women Entrepreneurs!
and then Add to Home Screen.
