Employee Retention Tax Credit (ERTC) – The Name is Misleading

At PBO Advisory Group, we’re baffled as to why the government gave the Employee Retention Tax Credit program its name.


Because employers who take advantage of the program do not receive a tax credit. Instead, they receive a refund in the form of cash funds. That’s money you can spend versus a credit, which is typically a line item on a tax form that offsets future payments.

The ERTC program was started to give relief to businesses that kept employees on the payroll while experiencing revenue and/or operational downturns resulting from the COVID-19 pandemic. If certain criteria are met, employers can get a refund of up to $26,000 per employee.

While you do receive cash funds from the IRS, your refund check can take several months to arrive. That’s why we are advising employers to file now. The sooner you receive your refund, the sooner you can make the money work for you.

If you browse the internet, there’s a lot of information about the ERTC program. Some is misleading and some is outright wrong.

At PBO Advisory Group, we’ve obtained ERTC refunds for many clients, so we know the ins and outs of the program.

Give us a call. We can talk you through it, determine your eligibility and potential refund, and help you throughout the process.

For more information, check out the links below for two of our recent blog posts about ERTC.

PBO Advisory Group’s Recent ERTC Insights

Scott Palka, CPA, MBA, CFA
Consulting CFO & Member
(858) 935-4847