What is the “ERC Program”?
ERC is an acronym for the Employee Retention Tax Credit. The ERC is a stimulus program that’s part of the CARES Act that was launched due to the effects of the pandemic and eventually supply chain issues.
Small Business Owners
This program is designed to help small business owners that were able to retain their employees and either suffered a loss in business revenue or were forced to make operational changes in order to stay in business. ERC has the biggest impact on small businesses under 500 employees but still an opportunity for larger corporations to participate.
The Big Brains
Here are six major powerhouse entrepreneurs to thank for the program that will help hundreds of small business owners.
One being Grant Cardone who is excited about being a Referral Partner in this incredible way to help businesses.
Grant Cardone is the bestselling author of The 10X Rule and If You’re Not First, You’re Last as well as a sales trainer, speaker, and entrepreneur who has worked in real estate and the auto industry. Grant Cardone is a real estate mogul who built his $5 Billion portfolio of multifamily properties from scratch. Moreover he was named the #1 marketer to watch in 2017 by Forbes Magazine.
Another is Romacio Fulcher who is the founder of IOT International. He is a well-respected business man, international leader, trainer, coach & sought-after mentor. He is a highly successful entrepreneur with over 750,000 affiliates in his distribution channel within 38 countries. Romacio has accomplished over $2 Billion in sales. He shocked the world 3 years ago when he did $100M in sales within 12 months of selling a single product! Right behind that with another product he was able to do $35M in sales in the first 90 days of selling. Whatever Romacio chooses to get involved in, as his track record shows, he goes all out and has high levels of success.
Two other major brands are Founders of WIFIMONEY. WIFIMONEY is an entrepreneur business brand founded by serial entrepreneurs, one being Professional Soccer player Chris Frederick and Alex Moeller. They are known for leveraging the power of social media marketing, specifically Instagram, the duo have been able to generate multiple 9-figures in business revenue.
In addition to the others is Spiritual Leader, Wellness Guru, Modern-Day Harriet Tubman. For over 2 decades, Stormy Wellington has helped millions of people across the globe to create real and lasting changes in their lives. Through events, coaching, and training programs – including The Awakening Experience, the #1 Women’s Empowerment Retreat of all time – Stormy is also known as the #1 Top MultiLevel Marketing Earner in the world who has coached over 36 people become Multi-Millionaires and hundreds of 6 figure earners.
Completing the dream team is Josh Fox who is the founder and CEO of Bottom Line Concepts. Bottom Line Concepts is a contingency-based, cost savings company trusted by an all-star client roster from professional sports teams to Fortune 500 companies. Over the last 15 years, his company has saved their clients over $3 billion dollars . In August of 2020 Inc. magazine placed Bottom Line Concepts on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.
WHY BUSINESS OWNERS ARE CHOOSING THE ERC PROGRAM
Unlike a loan from the PPP program that required repayment, the ERC is structured like a grant and is actually a refund from the IRS of payroll expenses during 6 qualifying quarters of 2020 and 2021. The ERC funds will never require repayment.
The ERC program puts money back in the hands of small business owners with the intention of helping not only maintain their current business but also expand and develop to continue to grow over the next foreseeable future.