If you are looking to become an ERC affiliate (an Employee Retention Credit affiliate), then you’ve come to the right place and stumbled upon a possible fortune. That might sound like hyperbole, but I work with many affiliates in my business and this is by far the gold at the end of the rainbow when it comes to gigantic payouts.
By the way, my name is Dave Allred, founder of this website (Bar Patrol). My ERC niche is the bar and restaurant industry, so I provide my audience ERC tax refund services for their restaurants. But you can offer this service for any small business that was affected during the pandemic between March 13, 2020 and December 31, 2020.
Instead of keeping you in suspense, I will tell you right off that the #1 service/company I recommend going with when it comes to ERC affiliate is ERCHelpDesk.com. I talk more about them down below, but if you’re antsy as full-bladdered puppy needing to be let out, you can click here to sign-up for their affiliate program at any time.
What is the Employee Retention Credit Exactly?
The Employee Retention Credit, or ERC is a refundable tax credit paid back to qualified business owners as an incentive for keeping their employees on during the pandemic. The ERC was created by the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) as a refundable credit that small business owners can claim on qualified wages paid to their employees.
This is a $400 Billion program, so there is no chance of the money running out. You just need to convince business owners to claim their file.
Do the Businesses Have to Pay the Money Back?
Absolutely not! Unlike the PPP (Payment Protection Plan), this is not a loan. It acts like a grant, which means it is free money for the businesses you refer.
Why Wouldn’t They Just Use Their Accountant?
Because it is extremely rare to find an accountant who is an expert in this area. These businesses need a specialist who is able to get them the maximum amount of money. It is very likely that a CPA will miss important information that will get them more money. This is an area of specialized knowledge, and they’re going to want someone who knows what they are doing.
What Businesses Qualify for ERC Tax Refund?
First off, the ERC is for small businesses, so don’t go looking for large companies. Besides that, there are two ways for businesses to qualify:
1. If the business was fully or partially shut down during the 2020 year after March 12, because of a government mandate. This includes ANY significant change the business had to make, including:
- A business that ordinarily met with clients in person had to cancel meetings due to COVID-19.
- A restaurant was forced to close and/or limit its on-site dining capacity due to COVID-19 restrictions.
- Supply chain interruptions caused your business to have delayed production timelines.
- COVID-19 restrictions lowered the amount of people who could attend an event with your business.
- Your business had to reduce operating hours due to COVID-19 cleaning requirements and restrictions.
2. If you had a significant decline in gross receipts, you qualify. This will be compared to your 2019 sales, and a significant decline is a 50% decline in receipts compared to the same time period of the previous year.
How Much Money Can Businesses Make?
This depends, but in general, the total claimable amount per employee, across all 6 quarters that are eligible (quarters 2, 3 & 4 of 2020 & quarters 1, 2 & 3 of 2021), is $26,000 per W-2 employee. More likely it will equate to around $10,000 – $15,000 per employee. According to ERCHelpdesk.com, the average claim is $150,000, but I’ve found it to be much higher so far.
Why You Should Become an ERC Affiliate?
Well, the obvious answer is money (duh!). Not only money, but large chunks of money that you can spread out on your bed and roll around in. When you get a business owner to submit a claim to one of the websites I’m going to provide you, they will pay you up to 4% commission on the claim. Want to know what the average claim has been since I’ve been reaching out to bars and restaurants?
$259,000!
CHA-CHING!
No need to scramble for your calculator. I can tell you right here, that means you would receive $10,360 in commission, just for telling a business owner to sign up for free money. Get ten businesses to file a claim and that’s $103,600. Now THAT’S the American dream.
Other Reasons to Become an ERC Affiliate
- It’s an easy sell. Think about it, the only strings attached are that the business has to gather their tax documents. Sure, that’s a pain sometimes, but not for hundreds of thousands of dollars.
- You don’t have to do any of the work. All you need to do is refer the client to one of the services I list below, and that’s it. They take it from there, and as soon as they business goes through all the steps and gets paid, you do as well.
- You get to be the hero. Not only is it an easy sell, but businesses will love you for it because at this time, only about 4% of small businesses have even heard about the ERC tax refund. You will be bring free money to their attention.
How Should You Sell it?
This really depends on your situation. I’m not sure who you are or what your connections are to small business owners. If you have an online presence, this is the easiest process because you simply insert your affiliate link provided to you on your website, blogs, videos or wherever else you have influence.
If you are going to sell it face to face, you should have a strategy. First you need to determine what types of small were most affected by COVID and were possibly shut down or limited. According to the website McKinsey & Company, these were the industries most vulnerable:
You of course need to use this information to create a strategy that will help you inform as many companies as possible of this great opportunity for them.
How Do You Become an ERC Affiliate?
The process is very simple. Below I talk more about the best ERC affiliate to partner with. Once you click on the link, you will be taken to a simple form to fill out and that’s it. You’re ready to go.
The Best Employee Retention Credit Affiliate
After doing extensive research, I have found this ERC affiliate to be the best. Mainly because they have shown to be ethical and they only take a 15 – 20% commission from the businesses, whereas many of the big players take 30 – 40%. I like to let the business owners know this so that they are sure to go with my company. Ethics and lower fees are important.
ERC HelpDesk
ERC HelpDesk was very responsive when I told them I wanted to sell their services on my YouTube channel to my audience of bar and restaurant owners. After looking into them, I really like who they were as a company. They are a bit smaller than the big players out there and they provide great service. ERC HelpDesk pays out 4% commission, and once you sign up, they will provide you with an affiliate link you can paste anywhere on your website, YouTube channel, blog, wherever. They take no processing fees when businesses fill out their information, and the 15 – 20% fee they take is tax deductible.
As always, I will be fully transparent here. Like you would, I also earn 4% commission, but if I get someone like you to sign up as an affiliate, you still get your 4% and I make an extra 2% for everything you bring in, so Help Desk actually pays 6% to make us both happy. If you don’t like me piggy-backing off of you, that’s fine. I think it builds good Karma, but it’s totally up to you whether you sign-up by clicking my link or signing up yourself. Just like with my bar and restaurant audience, I always want to help first. Any money I make is icing on the cake. Click here to sign-up to be a ERCHelpDesk Affiliate.
I hope that helps you out, and I hope you make millions and millions of dollars. If you have any questions, you can email us at in**@*******ol.net.
Cheers,
Dave