Nonprofits that retained their workforce and whose revenues are signiﬁcantly impacted by COVID-19 may qualify for a tax refund of $26,000 per employee. Contact First Nonprofit to help determine your organization's eligibility for this refund before it's too late! We have the expertise to complete the filing on your behalf.
Employers whose business operations were partially or fully suspended due to government orders or whose revenues significantly decreased yet they kept their employees on the payroll.
Beneﬁt amount equals 50% of qualiﬁed wages paid, capped at $5,000 per employee for 2020 and $21,000 per employee for 2021.
Working with FNP has been a great experience. We were contacted by FNP to facilitate the Employee Retention Credit and to our surprise we are getting a substantial refund from the IRS. This was such an easy process and cannot thank Cheryl Jones enough for her knowledge and expertise in this matter. Greatly appreciated!
I worked with FNP on getting my ERC, it was simple and easy. All I had to do was send over some paperwork from my payroll company and FNP did the rest. Now, we have already received our payment from the IRS.
Thank you for your assistance. This is a game changer for our organization and the students we serve.
Yes. The statute of limitations for the 2020 Nonprofit Employee Retention Tax Credit closes April 15, 2024. The statute of limitations for the 2021 Nonprofit Employee Retention Tax Credit does not close until April 15, 2025.
The IRS is working diligently to process and anecdotal information from the field indicates that it can take anywhere from 6-12 months to receive a refund after filing.
No. The Nonprofit Employee Retention Tax Credit is a fully refundable tax credit claimed first against employment taxes.
You can receive both PPP loan(s) and the Nonprofit Employee Retention Credit, but you may not include wages funded by PPP in the Nonprofit Employee Retention Credit calculation. Remember that PPP loans only apply to a limited period of time and the Nonprofit Employee Retention Credit eligibility periods are longer.
First Nonprofit has saved us so much money over the state’s program. We had one little glitch with the state recently and we contacted FNP immediately. FNP staff called us back immediately and moved to remedy the problem.
First Nonprofit has been a great partner. They have helped us saved hundreds of thousands of dollars! They have awesome resources for our nonprofit organization. Thanks for the partnership.
Life is certainly busy these days but having business partners like First Nonprofit has made some of the process hassle free. We have worked with this team for years. When we changed payroll systems, they outlined every step. I think this team is terrific and I know they get the job done! Thank you, Cruz, to all the team at FNP.
FNP has helped our agency to save thousands of dollars every year on our unemployment coverage. The service is phenomenal, and we are thankful to their team as our partner. My experience working with Marshall on the advocacy around UE for nonprofits was also a highlight as someone who teaches advocacy and lobbying for nonprofits. Really, your whole team is top shelf, so thank YOU!
Chicago Children’s Theatre has greatly benefited from our partnership with First Nonprofit, and I have always enjoyed working with the staff on our filings and any complicated questions. I would not hesitate to recommend First Nonprofit to fellow nonprofits. We’re very happy customers.
FNP is a great resource for Daniel Kids. To have a TPA that we can count on to take point on not only managing our unemployment claims, but to support and guide any protest hearing, is invaluable. All the professional support staff we have worked with have been excellent, very knowledgeable and responsive. We are grateful for the help and support, thank you.
When I first began in my position at my organization, I hadn’t had experience working with a company like FNP. The staff was so patient and helpful in helping to explain the benefits of First Nonprofit. Anytime I reach out with a question I receive a quick, clear, and thorough response. I’m so thankful that we decided to partner with FNP. Their excellence in customer service, coupled with their variety of packages frees us up to truly serve our staff and community with a peace of mind knowing that our organization is protected against unanticipated unemployment insurance expenses.
First Nonprofit gets an A+ in my book. You are so easy to work with & very knowledgeable! Whether it is my quarterly correspondence with Kim or my random interactions with Dawn about a bond … I am so pleased that I get to work with such a helpful company. Thank you!