WonderTrust, home page (gowondertrust.com), Internet Archive copy of Feb. 27, 2025

Summary

Internet Archive copy, dated Feb. 27, 2025, of the home page of WonderTrust at gowondertrust.com, a marketing site for Employee Retention Credit (ERC) claim services powered by Bottom Line Concepts and Kevin O'Leary. The page states that eligible companies can receive up to $26,000 per employee and describes the ERC as a stimulus program for businesses that retained employees during the COVID-19 pandemic. It sets out a three-step process of eligibility review, claim filing and payment, with up to $5,000 per employee for 2020 and up to $7,000 per employee per quarter in 2021. Client testimonials for Bottom Line Concepts and an FAQ state that refunds for 2020 and 2021 can still be claimed, that clients have received refunds from $100,000 to $6 million, and that businesses that took the PPP may still qualify.

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“WonderTrust, home page (gowondertrust.com), Internet Archive copy of Feb. 27, 2025.” Original at web.archive.org. Archived at Pandemic Darlings on 2026-09-30, https://pandemicdarlings.com/source-documents/wondertrust-home-page-gowondertrust-com-internet-archive-copy-of-feb-2-36c9efe7a1/, SHA-256 38fe90c3f4eaf59b88fdaca04e3a6bb60de120450ce6de2f65463056e38b07fd.

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Is Your Business

Eligible for a Refund?

Eligible companies can receive up to $26,000 per employee. Powered by Bottom Line Concepts and Kevin O’Leary, WonderTrust is the expert you can Trust.

Schedule your ERC consultation today!

“I AM ON A MISSION TO EDUCATE EVERY COMPANY IN AMERICA ABOUT THIS PROGRAM BEFORE IT ENDS.”

Kevin O’Leary

Qualification is complex and we have an experienced team that has helped thousands of businesses, just like yours.

What

Is ERC?

ERC is a stimulus program designed to help businesses that were able to retain their employees during the COVID-19 pandemic. Determine your eligibility for this refundable tax credit for your small or mid-sized business.

Three-Step Process

Understand Your Eligibility

Qualifying factors include a revenue decline, or a full or partial suspension of operations due to government orders.

File your claim

Our team analyzes your claim and submits the paperwork on your behalf.

Receive Your Money

Depending on your eligibility, you could receive up to $5,000 per employee in 2020 and up to $7,000 per employee per quarter in 2021.

claim your refund

- Understand Your Eligibility
- Proven Track Record
- A Team You Can Trust
- WE DON’T GET PAID UNLESS YOU DO
- GUIDE YOU THROUGH COMPLICATED PROCESS

How

We Help

WonderTrust helps make sense of it all. Our dedicated specialists will guide you through the process and outline the steps you need to take to maximize this credit for your business.

How it Works

Book an appointment with WonderTrust and we’ll educate you on the ERC and help you understand your businesses eligibility. From there, we file your claim and track the entire process for your peace of mind.

Testimonials

Bottom Line Concepts has been an amazing partner who has helped with cost savings as well as tracking down funds which belong to us. Even with our thorough review of vendors and relationships they have been able to shed light in areas where we thought we could not improve any further. They have an extremely professional and reliable team that is always ready to help. Looking forward to building the relationship further and finding additional cost savings.

The Government Programs that are part of the Cares Act can be very daunting and confusing to understand. Our franchisees were getting a lot of mixed messages and we were looking for a firm that could help educate them and guide them through the process. Bottom Line was extremely patient and diligent working individually with most of our franchisees to maximize their money during the pandemic. They were a great partner and we look forward to a long-lasting relationship.

We have worked with Bottom Line on a number of savings and refunds projects. Each of their programs required very little time and effort on our side, while delivering great results. Their team has always been courteous and attentive to our needs. Whenever we have needed something, they have gotten back to us right away. After all these years of working with them, we’re happy that we hired them.

We engaged the services of Bottom Line to assist us squeeze savings out of certain expense items – and they were successful in areas where we had no such awareness. While they scoured for additional savings opportunities, we initiated a major restructuring – and Bottom Line was both flexible and understanding of the impact that had on some of the savings’ opportunities that they were approaching. I highly recommend their services.

GNC started their partnership with Bottom Line Concepts in late 2019 with a simple call from the CEO and founder of the company, Josh Fox. The staff at Bottom Line Concepts made the contract and onboarding process easy. Since late 2019, Bottom Line Concepts has been able to recover a substantial amount of unclaimed property for GNC. GNC continues to explore additional opportunities with Bottom Line Concepts and I would like to thank them for their efforts and great partnership.

FAQs

Do we still qualify if we remained open during the pandemic?

To qualify, your business must have been negatively impacted in either of the following ways:

- A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings.
- Gross receipt reduction criteria is different for 2020 and 2021, but is measured against the current quarter as compared to 2019 pre-COVID amounts.
- A business can be eligible for one quarter and not another.
- Initially, under the CARES Act of 2020, businesses were not able to qualify for the ERC if they had already received a Paycheck Protection Program (PPP) loan. With new legislation in 2021, employers are now eligible for both programs.

What time period does the ERC program cover?

The ERC program covers eligible wages paid to W-2 employees from March 13th, 2020 through September 30th, 2021 for eligible employers.

What is the Employee Retention Credit?

The employee retention credit (ERC) is a refundable payroll tax credit that was put into law through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The ERC is for businesses that continued to pay employees while shut down due to COVID -19 restrictions or had significant decline in gross receipts from March 13, 2020 to September 30, 2021. This credit offsets employment taxes paid by an employer to offer relief from the COVID-19 pandemic.

When does the ERC program end?

The deadline for claiming the ERC for eligible quarters in 2020 is April 15, 2024. The deadline for claiming the ERC for eligible quarters in 2021 is April 15, 2025.

How do I receive my ERC refund?

The ERC will be issued in the form of a cash refund that you will receive in the mail from the IRS. The IRS will send checks based on qualifying quarters. You may receivce several checks (e.g., one check per quarter). The IRS reserves the right to use funds as a credit towards back taxes.

Do I have to refile my income taxes return if I apply for ERC?

“Yes, you will need to refile your income tax returns. The IRS has indicated your company’s wage expense (deduction) on their income tax return must be reduced by the amount of the ERC for the applicable tax year (2020 or 2021). You will need to file an amended federal and state income tax return for the taxable year of the credit to correct any overstated wage deduction.

Note: Any interest paid to you by the IRS would have to be reported on your income tax filing.”

Why did the IRS issue a warning about 3rd party processing companies?

The IRS issued these warnings, as there are many fly-by-night, so-called ERC “experts” or “consultants” that are misrepresenting their experiences and the parameters of the ERC program to employers. The ERC is a complicated tax program that requires deep expertise and understand of the nuances. When choosing an ERC company look for companies with a proven real track record and watch out for red flags (e..g, large upfront cost, no CPAs or tax professionals on staff)

How long does the IRS have to audit my ERC?

“The IRS Audit period for ERC is: 3 years for 2020 and Q1,Q2 of 2021 5 years for Q3 of 2021 “

How long will it take to receive my refund?

While the timeline may vary based on the IRS workload, we are seeing clients receive refunds within a 4-10 month timeframe from filing. The timeline may vary as the IRS’s process varies.

How much ERC can I claim per eligible employee?

The Employee Retention Credit (ERC) allows employers to claim a maximum credit amount of $26,000 per employee. For the tax year 2020, employers can claim up to 50% of qualified wages per employee, with a maximum credit of $5,000 per employee for the entire year. In contrast, for the tax year 2021, employers can claim up to 70% of qualified wages per employee per quarter, with a maximum credit of $21,000 per employee for the year. However, it’s worth noting that most businesses will only be eligible to claim qualified wages for Q1 through Q3 of 2021.

Are there any restrictions on how I can spend my ERC refund?

Unlike a loan or other form of business funding, the Employee Retention Credit (ERC) is a fully refundable tax credit that does not come with limitations on how it can be spent. As a result, businesses that qualify for the ERC can choose to spend their refund in any way they see fit.

Will I have to repay the ERC?

No, unlike a loan, this credit does not have to be repaid. If audited the IRS has the right to claw back the funds.

Does my business qualify if we've already received PPP?

Yes. Under the Consolidated Appropriations Act (CAA), businesses can qualify for the ERC even if they already received a PPP loan. Employers are allowed to claim ERC on wages that were not paid with the proceeds of a PPP loan. It is important to note that you can’t use wages to calculate ERC that were used to qualify for PPP loan forgiveness. This is known as “double dipping” and is not permitted by the IRS.

Can my business qualify with a decline in gross receipts?

“Yes, your business qualifies for the ERC with a drop in revenue if it had a significant decline in gross receipts. The meaning of a significant decline in gross receipts differs between 2020 and 2021.

In 2020, a significant decline is defined as a 50% decrease compared to the same calendar quarter in 2019.

In 2021, a significant decline is defined as a 20% decrease compared to the same calendar quarter in 2019.”

How do I qualify for ERC?

“To qualify for the ERC, an employer must meet one of the following requirements: A significant decline in gross receipts for any eligible quarter in 2020 or 2021- defined as a 50% reduction in revenue during any quarter in 2020 compared to the same quarter in 2019, or a 20% reduction in revenue in any quarter of 2021 compared to the same quarter in 2019.

A full or partial suspension of operations – due to orders from the federal government, or a state government having jurisdiction over the employer, limiting commerce, travel, or group meetings related to COVID-19. “

Can I apply for ERC if I'm self-employed?

No. Only W-2 employee wages can be claimed, and you cannot claim your own wages as a majority owner even if you are on a W-2 wage.

Can I apply for ERC if I have 1099 employees?

No. Only W-2 employee wages can be claimed for the credit.

Can I apply for ERC if I have family on payroll?

Yes! You can apply for ERC, but you may not claim ERC on wages paid to family members of majority owners. This includes immediate family plus in-laws, aunts, uncles, and cousins.

Can I get ERC if my business revenue went up?

Yes! Your business will be able to qualify for ERC if you had a full or partial suspension of operations.

What are qualified wages for ERC?

The Employee Retention Credit (ERC) uses qualified wages as the basis for its calculation, which covers any wages paid that are subject to FICA taxes. These qualified wages can include various types of compensation, such as salaries, hourly wages, vacation pay, and certain health plan expenses, among others.

What period does the program cover?

The program began on March 13th, 2020 and ends on September 30, 2021, for eligible employers. You can apply for refunds for 2020 and 2021 after December 31st of this year, into 2022 and 2023. And potentially beyond then too. We have clients who received refunds only, and others that, in addition to refunds, also qualified to continue receiving ERC in every payroll they process through December 31, 2021, at about 30% of their payroll cost. We have clients who have received refunds from $100,000 to $6 million.

Do we still qualify if we already took the PPP?

Yes. Under the Consolidated Appropriations Act, businesses can now qualify for the ERC even if they already received a PPP loan. Note, though, that the ERC will only apply to wages not used for the PPP.

Do we still qualify if we did not incur a 20% decline in gross receipts?

Your business qualifies for the ERC, if it falls under one of the following:

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