New Campgrounds Can Earn Up To $50,000 With ERC (Employee Retention Credit)

14 Jun 2021 · 1 min

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1:15

Donna Bordeaux explains that new campgrounds started after February 15, 2020 may qualify for the Employee Retention Credit. Eligible employers can claim up to $7,000 per employee per quarter for Q3-Q4 2021, capped at $50,000 per business.

Questions this video answers

After February 15, 2020.

Quarters three and four of 2021.

Up to $7,000 per employee per quarter.

A maximum of $50,000 for the business.

A 70% credit.

Chapters

Did you buy your campground after February 15, 2020? If so, there's a little credit that might help you out. You may be frustrated because you didn't qualify for things like the PPP program, but there is an employee retention credit beginning for quarters three and four of 2021 for that will offer you up to $7,000 per employee per quarter on wages. That's a 70% credit to a maximum of $50,000 for your business. I'd love to be able to help you take advantage of this. Please let me know if you are a startup campground. Whether you bought it or you just built a campground and started after February 15th of 2020. We'll help you get this in place so that you can take advantage of this credit. I'm Donna Bordeaux with CampGR. Please email me if you're in that category. You can email me@donnaampgroundaccounting.com and don't forget to subscribe to our YouTube page and follow us on there.